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Prime brokerage is the generic term 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.
A custodian bank, or simply custodian, is a specialized financial institution responsible for providing securities services. It provides post-trade services and solutions for asset owners (e.g. sovereign wealth funds, central banks, insurance companies), asset managers, banks and broker-dealers. It is not engaged in "traditional" commercial or ...
The investing community must use those services to trade securities. The "Buy Side" are the buyers of those services; the "Sell Side", also called "prime brokers", are the sellers of those services. Sell side brokerages are registered members of a stock exchange, and are required to be market makers in a given security.
Investors buy and sell through broker-dealers and have their assets retained by either their executing broker-dealer, a custodian bank or a prime broker. These transactions take place in the environment of equity and equity options exchanges , regulated by the U.S. Securities and Exchange Commission (SEC), or derivative exchanges, regulated by ...
Account types: Brokerage, IRAs, 401(k), custodial, 529, robo-advisor, wealth management Why they were included: Merrill Edge is the self-directed investing platform from Merrill, now owned by Bank ...
The Global Custodian is a trade publication covering the international securities services industry. GlobalCustodian.com refers to the website of Global Custodian magazine, which provides daily news and events coverage of the securities services industry, particularly custodian banks, but also including fund administration, securities financing/lending, prime brokerage, private equity ...
Custodial accounts function like regular brokerage accounts, allowing custodians to buy and sell stocks, bonds, funds and other investments. Anyone can contribute to a custodian account. Anyone ...
In finance, securities lending or stock lending refers to the lending of securities by one party to another.. The terms of the loan will be governed by a "Securities Lending Agreement", [1] which requires that the borrower provides the lender with collateral, in the form of cash or non-cash securities, of value equal to or greater than the loaned securities plus an agreed-upon margin.