where each client of the firm establishes their own credit relationship with a prime broker and uses that relationship to settle trades with either of Advanced Markets’ prime broker, UBS. These trades are generally settled under a, mutually agreed upon, “4-way give-up” agreement or by Designation Notice (DN).
Prime Brokerage Services
Advanced Markets adheres to a standard prime brokerage model where each client of the firm establishes their own credit relationship with a prime broker and uses that relationship to settle trades with either of Advanced Markets’ prime broker, UBS. These trades are generally settled under a, mutually agreed upon, “4-way give-up” agreement or by Designation Notice (DN).
The Company also offers a “Prime of Prime” credit model
where prime broker credit is extended to eligible wholesale and institutional clients. With this model, clients are able to deposit collateral (margin) with Advanced Markets in order to leverage off the firm’s excellent credit relationships with its prime brokers.
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