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Quantitative Finance · Glossary

What is Single-dealer platform, FX prime brokerage?

Also known as: single-dealer platform · FX prime brokerage

Definition 14.6 Markets II: Rates, FX and Credit · Chapter 14 — The FX Market

A single-dealer platform is a dealer’s own electronic system through which its clients see its prices and trade with it. FX prime brokerage is the service by which a dealer lets a client trade with a set of other dealers in the prime broker’s name and on its credit: each trade is given up to the prime broker, which becomes the counterparty of the executing dealer and of the client.

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