Market Chatter: Barclays' Prime Brokerage Trades With QRT Surpass $100 Billion

MT Newswires Live
Aug 14

Barclays (BCS) has grown the notional value of trades with hedge fund Qube Research & Technologies to over $100 billion, making the fund one of Barclays' largest prime brokerage clients, Bloomberg reported Friday, citing people familiar with the matter.

The figure represents the gross face value of positions and does not account for offsetting trades, the report said.

A Barclays spokesperson said its actual exposure is materially lower after accounting for offsetting positions, netting agreements, collateral and other risk mitigation measures, Bloomberg said.

Barclays and QRT did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10