PBs could return to FX as market evolves towards hybrid model
Panellists discussing credit in FX expect more clearing, but not the disappearance of over-the-counter models
Following a retrenchment from banks in the foreign exchange prime brokerage (FXPB) space, 2017 could see new players enter the credit intermediation space as the market moves towards a hybrid model that provides customers with a single point of access to both exchange-traded and over-the-counter bilateral venues and settlement, panellists said at FX Week Europe on November 30.
"There is no question that prime brokers have pulled out from the market, and my view is that it's an industry that
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