Series 24: 3.2.6. Prime Brokerage Accounts

Taken from our Series 24 Online Guide

3.2.6. Prime Brokerage Accounts

Because hedge funds and other institutional investors trade with a number of brokers, they sometimes open accounts with a prime broker. A prime broker does not engage in trading activity. Trading is done by the client’s array of executing brokers. The prime brokerage is the place where the client’s trades are cleared and settled.

The prime broker provides a numbe

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