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).
The Company also offers a “Prime of Prime” credit model
Where prime broker credit is extended to eligible wholesale and institutional clients. With this model, clients are able to deposit collateral (margin) with Today Markets in order to leverage off the firm’s excellent credit relationships with its prime brokers.
Today Markets’ liquidity providers and partner banks encompass many of the world’s largest, and most highly-rated, financial institutions.
Full Order eXecution
Full Order eXecution allows buy-side market participants to execute large trades anonymously, on aggregated, competitive liquidity, in a single transaction with a single liquidity provider.
Depth of Market
Today Markets facilitates Direct Market Access to one of the deepest available liquidity pools for Spot FX, Precious Metals and Energies.
Full Segregation of Funds
For qualified counterparties, Today Markets, in conjunction with Macquarie Bank, offers a secure client funds solution through a custodial bank account.
Multi Currency Margin
Clients may post margin collateral directly to Today Markets’ wholesale client funds accounts, which are held at major money center banks.
The combination of Today Markets’ institutional ownership and its Prime Broker relationship with UBS allows the firm to offer secure and sustainable credit..