The investment banking unit of Dresdner Bank AG, is now offering a Foreign Exchange Prime Brokerage business (FXPB).
The bank has developed a front to back FXPB platform which provides 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.
“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,” said 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.”