The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Best for electronic equities post-trade services: Lehman Brothers

Highly commended: Dresdner Kleinwort Wasserstein, Morgan Stanley

What clients want from prime brokerage sites is relatively straightforward. They want to be able to check confirmations, identify and resolve problem trades before they fail, search for specific trades, allocate trades, and to be able to get questions dealt with, all as quickly as possible. The differences in functionality between web pages are therefore more limited than in most of the other categories.

Lehman Brothers’ post-trade services website covers all the basics. It is attractively designed and has a useful corporate actions tool. But where it really stands out is in its effectiveness and internal controls.

An internally built system enables the bank to net trades and to reconcile these with a third party. This advanced system, which is live in seven European markets, has helped the bank to reduce settlement volumes significantly, with a 98% gross-net trade compression rate. The system’s success in reducing processing issues and increasing netting has meant that the overall number of trades being booked by the bank’s internal trading system has fallen by nearly 50%.

Internally, the system enables back-office staff to monitor specific processes, and to identify delays and their consequences easily. The back office even has access to real-time graphs of hourly and cumulative volumes to monitor daily trends.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree