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. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Best bank for electronic forex prime brokerage services: Goldman Sachs

Highly commended: UBS

Goldman Sachs has won the award for electronic forex prime brokerage by the tightest of margins – both it and UBS have extremely flexible offerings, and they are both ahead of most other banks.

Nonetheless, Goldman Sachs has earned its top ranking. The site is well designed, and the homepage provides an immediate view of today’s transactions, upcoming valuations and expirations, daily and cumulative P&L, and a settlement summary. Neat bar charts demonstrate how much credit the client has used with each counterparty and how much credit remains with each.

The whole site can be customized by clients. Soon they will be able, for example, to drag a box showing live futures prices, or indeed any other data or application they want, into the site.

As with the other best platforms on the market, it can receive deal data from other banks and from prime brokerage clients in a range of formats. It can read clients’ order management systems, take uploaded Excel files and so on. Alternatively, other banks can give up trades by using the platform to rekey deal details.

Clients can confirm trades and view upcoming fixings and expirations on options and non-deliverable forwards, although this calendar does not stretch out as far as UBS’s.

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.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

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

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, 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

LOGIN NOW

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