Multi Currency Margin
Clients may post margin collateral directly to Today Markets’ wholesale client funds accounts, which are held at major money center banks. Funds are always held separately from Today Markets’ own capital, payroll and operating accounts.
Today Markets accepts client deposits/margin in USD, EUR, GBP, AUD, and JPY however, new currencies are being added from time to time so please contact us for the current list of supported currencies.
Any client, opening a margin account with Today Markets
Can take advantage of a wide range of configurable account functionality that is designed with a client’s unique needs in mind. These options include the ability to operate the account under a Net Open Position limit (NOP) just as a standard institutional credit account would operate.
Prime Brokerage Services
Today 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 Today Markets’ prime brokers, UBS or Standard Chartered Bank.
These trades are generally settled under a, mutually agreed upon, “4-way give-up” agreement or by Designation Notice (DN).