Author: Sophie Molina Orozco

Usually, the custodians https://www.xcritical.com/ hold securities of high value; therefore, they tend to be large reputable firms like prime brokerages. Finally, custody fees are charges for holding and safeguarding clients’ securities and other assets. These fees cover the costs of maintaining custody accounts, providing secure storage facilities, and administering asset transfers.

The Differences Between a Custodian & a Prime Broker

Prime Brokerage As part of TD Bank Group, we offer integrated, front-to-back solutions with high-touch service, allowing you to focus on investing, managing risk and building your business. A Prime Brokerage Platform Designed for Your Success Fidelity has been a significant provider of brokerage services for more than two decades. There is always a chance the brokerage could lose the prime brokerage vs custodian investment, even though it never owned it in the first place. J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to 10+ years of experience as a finance writer and book editor. MEXICO CITY (Reuters) -Mexican President Claudia Sheinbaum on Tuesday warned U.S.

Prime Brokerages vs. Discount Brokers vs. Day Trading Brokers

• Long trades involve buying a stock to sell at a higher price for a profit….
• Prime brokerage services are provided by most of the largest financial services firms, including Goldman Sachs, UBS, and Morgan Stanley, and the inception of units offering such services traces back to the 1970s.
• Finally, custody fees are charges for holding and safeguarding clients’ securities and other assets.
• For these companies, a prime broker can be a one-stop shop that makes doing business much easier.
• Prime brokerage makes money by levying a basic fee like a spread or premium on the bank loan to facilitate the transaction.

It’s an important function following trade execution that delivers cash and assets between parties. Prime brokerage services revolve around facilitating the busy, multifaceted trading operations of large financial institutions, such as hedge funds. Central to their role, prime brokers allow hedge funds to borrow securities and increase their leverage, while also acting as an intermediary between hedge funds and counterparties such as pension funds and commercial banks.

Additional Prime Broker Services

From trading outages to stuck orders with delayed confirmations to horrible order fills, the gamut of maladies gets exposed during times of major… Clearing brokers act as an intermediary between those placing trades and the exchange from which the trade will be sourced. They report trades to the governing body, ensuring all trades are processed/settled in a legal and efficient manner. Hedge funds, due to the amount they trade and their importance to the exchanges, will usually have a dedicated broker who handles their trades promptly and at the best possible terms. This is an extremely important relationship and one which both the fund and the broker cultivate regularly. Clearing brokers themselves are employees of an exchange, and as such as paid to facilitate trading and order settlement between those requesting, or placing, the trade and the exchange.

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In these volatile markets, it’s prudent for traders to have the capacity to play both directions of a stock’s price move – up and down. Long trades involve buying a stock to sell at a higher price for a profit…. A clearing fee is a fee charged on transactions as a way to compensate the clearinghouse for completing the transaction.

Prime brokers are generally part of larger financial institutions with expanded services, such as securities lending, cash management, custodial services, leveraged trade execution and other related activities. The service is offered by investment banks such as Morgan Stanley, JPMorgan and Goldman Sachs. Notably, famous investment banks, including JPMorgan Chase & Co, Morgan Stanley, and Goldman Sachs Group Inc, are the most significant market players in this industry. Furthermore, traditional and crypto prime brokerage services include cash management, securities lending, custodian services, and settlement services.

Custody fees are more often calculated on a periodic basis, such as monthly or annually. They may also be calculated as a percentage of the total value of assets under custody. Clearing brokers not only handle orders to buy and sell securities but also maintain custody of an account holder’s securities and other assets (such as cash in the account). Because they have custody of customer assets, carrying firms must maintain higher levels of net capital than introducing firms—and they are responsible for segregating the customer funds and securities in their custody.

A prime brokerage generates revenue in a few different ways, including overall fees, commissions on transactions, and lending charges. Margin is when a prime broker lends money to a client so that they can purchase securities. The prime broker has no risk on the underlying positions, only on the ability of the client to make margin payments.

Leverage is one of the primary benefits of using a prime broker since they have custody of its clients assets, the prime broker is capable of using those assets to lever more buying power to its clients. The ideal prime brokerage client will make generous use of its available leverage while having plenty of margin available so as not to trigger any margin calls, force liquidation or defaults. A traditional brokerage facilitates the buying and selling of investments, such as stocks and bonds. Individual investors and small companies typically use traditional or online brokers to maintain their investment accounts. If you use a traditional or online broker for nothing more than trades, you should expect to pay a fee each time you buy or sell securities.

A legal minimum of $500,000 in equity is generally needed to open a prime brokerage account; in practice, the minimums are often much higher. Major investors may decide whether to deploy capital based on the quality of the selected prime broker. Prime brokerage makes money by levying a basic fee like a spread or premium on the bank loan to facilitate the transaction. Precisely put, it earns money via lending rates and commissions on transactions. Credit Suisse Group AG’s departure from the prime brokerage market has started a battle for its 1800 clients.

The majority of large banks have prime brokerage units that service hundreds of clients. Although prime brokerages offer a wide variety of services, a client isn’t required to take part in all of them and also can have services performed by other institutions as they see fit. A prime brokerage is a bundled group of services that investment banks and other financial institutions offer to hedge funds and other large investment clients.

However, mini-prime brokers or “introducing brokers” act as a liaison between a hedge fund and the large prime broker. Introducing brokers provides startup fund managers access to the full range of services provided by prime brokers. These services can help ensure they operate efficiently and generate profits. That’s why hedge fund managers should choose their prime brokers carefully. The margin terms made available by the prime broker to the hedge fund will determine the maximum leverage (or borrowings) available. Often, funds may find themselves in the position of being offered more margin at a given point in time than they want.

In comparing prime brokers to discount brokers to day trading brokers, you first must evaluate what your asset base is and what your needs are. If you have ambitions of running a hedge fund, then it’s important to start building a relationship with a minor prime broker, which will require at least $500,000 in assets. Discount brokers are mainly traditional brokers that most retail investors and traders will use, with no intention of becoming professional traders.

Prime brokers charge a base rate for their services and acquire a large amount from the spread in the lending rates between the borrowing and loaning operations. Also, these types of accounts can borrow securities from the hedge fund for loaning them to clients interested in the short sell process. Morgan will assume the responsibilities of managing ABC’s cash management, calculating its net asset value (NAV) on a monthly basis, and performing a risk management analysis on its portfolio. This custodial relationship facilitates simpler reporting of the fund’s positions (which in turn simplifies the work of the administrator and auditor) and allows the prime broker to use all of the fund’s assets for margin purposes. Prime brokers typically provide interactive trading platforms with extensive capabilities. In addition to custodial services, prime brokers can provide leverage and margin, facilitate short sales, provide soft dollar arrangements, perform portfolio analysis, stress testing and other services.

Design + art + technology
Big lense projector (other options?)
Audio to motion(visual), girl dancing to the song, animation (interesting textures)
Motion(visual) to audio, cello players looking at vr
Translating data
Ai sculping (cute shapes)
Point system,
Ai tool not replacement
Book?
Clients, management

This reading explores concepts a bit more abstract than the previous readings. It starts by explaining the control of consciousness as a path to liberation. It also contextualizes that this control is not cumulative and it is dependent of its time. It also establishes that it cannot be institutionalized, as it does not depend on following a series of rules. I think this is just another way of allowing freedom and creativity into our consciousness. I thought it was interesting the way games are divided and classified. Mimicry is the one that is more interesting for this class, but all the others are equality interested ti analyze. Maybe lateral thinking is just another way of creating flow. Some parts of the reading were confusing for me, there were so many different concepts that I found it difficult to break it down into more understandable pieces.

Dear Diary,

Today is the last day of my first week in Berlin. I am doing a June Term called Creating. Honestly, I had no idea what the class would be about, I just wanted an art related class. This is not what I was expecting, and now that I think about it, it actually makes sense.

At first, when the professor said that we would focus more about the process rather than the final product, I was relieved, because it took so much pressure off me. But after the first Make assignment, I was confused. I wanted a “critique” of my final product, and I wanted to know what the others thought of it. Now I see that what I was expecting is some sort of validation. I wanted to know what could I do to make it better.

I rushed the second assignment, I didn’t like the result. We also had our two first artist visits of the class. It was … interesting. After the first one, I was really afraid all of them would be like that, I expected more from the session and I didn’t like the way the artist referred to some things. However, after the second one, I was at ease. I wouldn’t say it will be my favorite one, but I enjoyed the visit overall. We also had the opportunity of going to the place where the exhibition will have place. I am really nervous, I am not sure what I want to make and if it’s going to be good enough. Maybe I can incorporate something I like to the project, it still feels vague how this is going to work, I guess I will have to wait another week to have clearer ideas.

We also do meditation in class. This was incredibly bizarre to me. Maybe it is because I am not used to it, and I didn’t completed all the meditations. You see, I was late to two classes and arrived in the middle of the meditation. I was so embarrassed. Anyway, I am starting to like the meditation, or maybe not, maybe I just want to enjoy it so I force my self to think I like it. I am sure that meditation will help a lot to focus, because, as you already know my dear diary, I struggle a lot when it comes to paying attention.

Well, I think that’s all for this week. I am somehow excited for next week, I am not sure why, but I hope I can have fun. Maybe my next Making assignments will be more successful.

Sincerely, Sophie

Dear Diary,

It’s me again! Today is the end of the second week of classes. Can you believe that we are done with 2/3 of the course? It is terrifying. Not the course, but how fast it is going.

I am starting to like the readings we do. Specially the second book. They (both books) do some mentions about crafts. You know I love crafts, it comes naturally when you are part of the craft circle. You know how I hate when people look down on them. Who says it cannot be art? Crafts can involve the same amount of effort as the fine arts. You know how much time I put into my crochet.

Anyway, I might complain about this with you another day, today is about my week. I had more fun this week. We had a Make assignment in groups! I was really afraid it wouldn’t go well, or I would let down my team, but I am actually happy with the assignment. It was fun to imagine apple inspired clothes. Maybe I should actually make them one day.

Talking about Make assignments, I loved the open one. I had so much fun. As my diary, you should already be aware of my aversion to any type of audio production. I don’t need to remind you the reason behind it. But I decided to mix some audios nevertheless. I wanted to try the software the professor showed us in class. Best decision ever. Yes, I admit it, listening to my own voice was not something I am used to, but I ended up liking the sound of it.

Let me tell you a secret (I mean everything I am writing here is a secret, you are my diary after all, duh), I started my assignment late, but I could have ended way earlier. I just chose not to. The final audio was long enough, but I was having so much fun I wanted to continue and I didn’t want to sleep. It made me realize that what I like about crochet is the process, not the product. It makes me incredibly happy documenting what I love. It just makes me remember all the fun I had when I was crocheting. The final audio was okay, I guess, I know nothing about audio standards for good and bad. I don’t really care either way. It’s only as if… this class was about creating and not the creation itself, who would’ve thought?

I liked the artist’s visits this week better, even if I got lost. Did I learn something? I don’t know, I am still trying to figure out some of my thoughts. But something definitely happened. Maybe I did change after the talks, maybe it was more like a multiplication by 1 kind of situation, but the effort was there. I feel the same way about the readings. I am not sure how I can translate what I read into my daily life. I still don’t get it. I feel like I need to actually read the whole book (and reflect on it) to “get it”. I am still not sure what “it” is, I will tell you once I get it.

Meditation was also nice. I get stressed because I feel like I am not doing it correctly. I am trying, and I feel I am getting better at it. I want to continue to see where I can get. I will update you about it later.

I am afraid of the final exhibition. I am putting a lot of pressure on me. This could be something I am incredibly proud of or something I will feel disappointed later on. Hopefully, I will figure this out next week. I will tell you then what happened.

Sincerely, Sophie

Dear Diary,

You might be surprised by the fact that it is not the end of the week and I am here writing. Well, you are a diary, so deal with it.

I finally got the supplies for the final exhibition, I am excited to see how we will figure things out.

The artist visits this week were amazing. Let me tell you about it. I am amazed by the way these artists create. Their artwork is completely different of what I am used to. I like listening to them explain how they work and how they create. I also want to do it. I am not sure how, but we will figure it out once I am doing it. Am I inspired?

Anyway, I am genuinely enjoying this class. Please don’t tell the professor, it is kind of embarrassing to admit it. How could you tell him? You are just a diary. Forcing me to make things helped me to actually do something. I always postpone what I want to do, I am always out of ideas. These past weeks felt different. I don’t know how to explain it, I need to organize my thoughts. I am still waiting for the rest of the week. I will tell you once I am flying home. See you then!

Sincerely, Sophie

Mariana Carvalho

Soundscape: listening to the environment, ecology. (Human framing?)

Prepared piano, different objects that change the sound of the piano (customizable), ceramics, wood, gum, screws

Free improv : experiment

Color to sound, many layers recorded on top of each other

Eutony

Instrument creation out of other materials (fan)

Friccao interna, collaboration during the pandemic, Ines terra

making animal like sound for music (Kate Bush Get out of my house)

Sound propagation on different materials

A lot of sound, all at the same time (amazing experimentation, but bad for my sensory issues)

Estudo em nylon

A lot of biting, bone conduction

microphones that emulate human hearing (how does it work?)

Listening inside someone else’s head

Talking about relation, not nece3seraly music

How non musicians express themselves

Me alimento de voces, people singing inside of her mouth (emmm ok)

Anthropophagy

Fighting for the air

Creativity: series of works, a progression, accumulation of tools, experimental, developing, deep listening , body practices

(Her process feels really why method to me )

Art usually emerges in a way that leaves no space for others. Critisisim is part of this fear, which is something understadable, as the art word is demanding in what they expect from artists. Our need of community creates a fear of being “singled” out. For the artists,this translates to their art not being perceived as art, and instead it is defined as craft. Again, I personally have a lot of problems with the concept of craft, because it looks down on something that is valuable because of arbitrary standards. The need of approval gives a big amount of power to the audience.

Slow dance… ok(?

He clearly is a dancer and not a designer, its a no for yellow background, but we will allow it this time

I like the introductions, really humanising from his side

Articulate the practice to clear

Choreography

Artistic research (4 years)

Applied choreography

Collaborative performances: audience

Test audience

Self explanatory by design

Living in Berlin is lonely, Connexxion w strangers, inspired

Exotic animal- exotic ice poc

Western queerness Nan Dan //

Censorship, undressing room, interesting, no documentation

The audience are performers

Contexto: si hay

He sees choreographies everywhere

Art is political

2 oder 3 Tiger (One or several Tigers by Ho Tzu Nyen)

Is not spectacularity only

Demythification of the artist, artist is no genius

Privileges, no blaming

Break :))))

Ethnographic methods – psychology major, intersection of knowledge

Test shows

Ethics :)))

He miswrote the name of the autor Istaban (Esteban)

Be Weed – queer diasporic future ⇒ really nice idea

The space is design to support the performance

Audience is intelligent (opposite of oval)

Collaboration (not participation)

Preparation for all scenarios

A lot of self awareness

Am I the right person to do this project?

Words: Pumpkin / sculpture

First I wanted to do an actual sculpture, but I couldn’t find the right medium, so I decided to draw the sculptures.

You might wonder why I chose a shrimp, a cat and something that doesn’t have a clear shape (it is a knee). It might look like these objects have no direct relationship with pumpkin as a theme, and they don’t. But for me, these sculptures are describing something, actually, someone. I was really unsure of what to do, my first idea was to do something pumkin carving related, but I didn’t like the idea. I was exploring so many different ideas that I got overwhelmed. So I decided to start a completly new project with my first thought about pumpkin. You see, when the word pumpkin appeared on my screen, my first thought was my sister. This might not make sense at first glance, but I does for me. She loves pumpkin spice latte, and she lets EVERYONE know this about her, and I have been talking to her lately. I decided to draw the sculptures of things that remind me of her. These are things she likes, things I tease her about and something about her life. She loves sphynx cats, I joke about her sitting like a shrimp (I hope she doesn’t read this post) and she had an important knee surgery some years ago.

This is the cat I used as reference 🙂

Hippie commune kind of style (afffectionate)

Big projects, with installations

Metal structures (which equipment they use, how did they learn)

Space craft

interactive, but they cannot go inside

work with what you have, see where it goes

recycling, upcycling

How does the other space looks like? more office like?

Festivals

Mixing videos- vj? Real time

Judy!!!!! 🙂 (she taught me how to crochet)

Light— screen

Mindfulness

Everything is performance =⇒ is the viewer part of the performsnce

Photography, design (motion), projections, never ending process

Web design

3 initial goals that framed the capstone

Technical skills

Use the materias that i knew