FX PB Intermediation

Foreign exchange prime brokerage intermediation is a service offered by large foreign exchange dealers (“FX PBs”) which allows the FX PB’s clients to engage in foreign exchange transactions with other brokers as if the broker’s counterparty were the FX PB. The FX PB steps in, between the client and the other broker, which enables the client to access pricing and liquidity from a number of dealers despite the client’s credit profile. These agreements are bespoke agreements provided by the FX PBs.