Multiple prime brokers are not new, but the trend accelerated after the demise of Lehman Brothers. There are still challenges for fund administrators in providing a seamless service to clients using multiple primes, particularly as there is a lack of standardisation across systems.
For John McCann at Trinity the main challenges are electronic connectively, trade capture and transactional processing via the disparate IT systems that prime brokers use. “We need to arrive at some form of commonality
The week on Risk.net, March 10-16 2018Receive this by email