ADS sees $1.3 trillion credit gap as it launches prime-of-prime
ADS Securities says it is ready to step up to fill the gap left by FX prime brokers with a true PoP service
The pull-back of banks in foreign exchange prime brokerage (FXPB) has left a credit gap that could be worth $1.3 trillion a day in volumes, equivalent to a 25% reduction in available FX trading lines, leading to wider spreads and increased risk for players, says broker ADS Securities as it launches a credit intermediation service.
"A daily global FX industry credit gap, potentially affecting as much as $1.3 trillion in daily volume, is extremely significant and is changing the overall balance of
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