Prime Brokerage definition explanation

What is Prime Brokerage?
A special group of services that many brokerages give to special clients. The services provided under prime brokering are securities lending, leveraged trade executions, and cash management, among other things. Prime brokerage services are provided by most of the large brokers, such as Goldman Sachs, Paine Webber, and Morgan Stanley Dean Witter. Read more for examples and further explanation including related video clips and also comments

Example explains Prime Brokerage
Hedge funds were what started the prime brokerage option. Hedge funds place large trades and need special attention from brokerages.

[tubepress mode=’tag’, tagValue=’Prime Brokerage invest’]