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Prime Brokerage

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Dictionary Says

Definition of 'Prime Brokerage'

A special group of services that many brokerages give to special clients. The services provided under prime brokering are securities lending, leveraged trade executions, and cash management, among other things. Prime brokerage services are provided by most of the large brokers, such as Goldman Sachs, Paine Webber, and Morgan Stanley Dean Witter.
Investopedia Says

Investopedia explains 'Prime Brokerage'

Hedge funds were what started the prime brokerage option. Hedge funds place large trades and need special attention from brokerages.

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