Prime Brokerage Stocks List
Symbol | Grade | Name | % Change | |
---|---|---|---|---|
FUTU | A | Futu Holdings Limited | 12.43 | |
BNS | A | Bank Nova Scotia Halifax Pfd 3 | 0.00 | |
NML | A | Neuberger Berman Energy Infrastructure & Income Fund, Inc. | 0.61 | |
MS | B | Morgan Stanley | 0.17 | |
BK | C | Bank of New York Mellon Corporation (The) | -1.04 | |
SNEX | C | StoneX Group Inc. | -1.54 | |
JPM | D | JP Morgan Chase & Co. | -1.81 |
Related Industries: Asset Management Banks - Global Capital Markets
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
BNKD | F | MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs | 20.0 | |
BNKU | C | MicroSectors U.S. Big Banks Index 3X Leveraged ETNs | 20.0 | |
KBWB | C | PowerShares KBW Bank Portfolio ETF | 19.86 | |
IYG | B | iShares U.S. Financial Services ETF | 14.18 | |
IYF | B | iShares U.S. Financial ETF | 12.57 |
Compare ETFs
- Prime Brokerage
Prime brokerage is the generic name for a bundled package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return. The prime broker provides a centralized securities clearing facility for the hedge fund so the hedge fund's collateral requirements are netted across all deals handled by the prime broker. These two features are advantageous to their clients.
The prime broker benefits by earning fees ("spreads") on financing the client's margined long and short cash and security positions, and by charging, in some cases, fees for clearing and other services. It also earns money by rehypothecating the margined portfolios of the hedge funds currently serviced and charging interest on those borrowing securities and other investments.
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