Dresdner Kleinwort Wasserstein (DrKW), the investment bank of Dresdner Bank AG, is launching a new Foreign Exchange Prime Brokerage business (FXPB).
The launch of FXPB represents the completion of DrKW's Digital Markets cross asset class Prime Brokerage product offering.
Using innovative proprietary technology, DrKW has developed a flexible and user friendly front to back FXPB platform which provides a variety of clients, including hedge funds, with access to products and services including FX Spot, Forwards and Swaps; Vanilla and Exotic FX Derivatives; local market currencies and derivatives; and precious metals and commodities. Clients also have access to a dedicated FXPB account management team, structuring and advisory expertise in addition to relevant analytics - including market sentiment - and research.
'The advantages we can offer clients through FXPB include excellent access to liquidity in FX related products, more efficient use of collateral given our cross product margining policy and a fully automated solution, increasing the efficiency of clients' pre-trade, trade and post trade experience and thereby enhancing their overall ability to conduct business,' says Christian Exshaw, European head of FX Sales and head of FXPB at DrKW. 'Technology is clearly key in an area such as FXPB and we have worked to create a versatile, yet highly comprehensive and sophisticated platform that will allow rapid execution and full STP follow-through.'
Fabian Somerville-Cotton, head of Prime Brokerage Products at DrKW, adds: 'The launch of FXPB completes our cross asset prime brokerage platform and demonstrates our continued investment in our prime brokerage business. Being able to offer cross product margining, trade splitting and automated trade matching across all asset classes, from Equities to Credit to FX and Listed Products, positions us at the forefront of technology and client servicing and maintains our strongly differentiated position in the prime brokerage industry.'
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