HONG KONG: BNP Paribas SA could gain a top-10 spot among prime brokers in Asia as a result of its agreement to back up and potentially assume control of the electronic trading and prime services of Deutsche Bank AG, according to Eurekahedge Pte.
The German bank is the fifth-largest prime broker in the region, even after the number of its hedge-fund clients slipped by almost one-quarter to 132 since 2010, a survey by trade journal AsiaHedge showed in May.
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