More PBs could pull out come September, panellists say
"How far can repricing go without actually constraining and choking that entire market?" asks JP Morgan's Choussy
The advent of uncleared margin rules in September this year will place huge pressure on FX prime brokers (FXPBs), more of whom could pull out as a result of rising costs and, while clearing could become relatively cheaper than it currently is, the cost of doing business will go up regardless of which road they go down on, panellists at the 13th FX Week USA conference said.
"Yes, there is a risk to FXPBs, particularly because of the impact of the capital and reporting requirements, and there is a
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