Banks handed further fines in Switzerland for FX trading cartel
Swiss competition authority has fined Barclays, Citigroup, JP Morgan, RBS & MUFG a combined CHF 90 million for its role in rigging the FX spot market.
Tag: UBS
Utility Settlement Coin gains £50m backing and moves forward with backing of banks
State Street, BNY Mellon and MUFG among those backing the tokenisation project aimed at transforming clearing and settlement.
Demand for single-broker TCA dropping despite sell-side investment, says Citi market structure head
Despite buy-side citing use of transaction cost analysis (TCA) as a larger focus post-MiFID II, Citi's market structure head for EMEA says the bank is actually seeing the converse in action.
UBS fined £27.6 million for MiFID reporting failures
The FCA hands UBS largest MiFID transaction reporting fine to date after more than 130 million reports were found to be inaccurate.
Citi outlines plans to launch its electronic currency trading platform in Singapore
Citi joins UBS in setting up its eFX trading hub in Singapore with support from the Monetary Authority in Singapore.
UBS block trading veteran departs for senior equities role with BTIG
Nigel Fenn joins BTIG focusing on block trading across various markets after more than a decade with UBS in a similar role.
Santander perform U-turn on Andre Orcel CEO appointment
UBS investment banking president Andrea Orcel will no longer take on the role of CEO at Santander due to compensation concerns.
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MEMX: The road ahead
Following news of major US players looking to establish a member-owned equities exchange, industry experts agree the move could prove to be positive for markets, but warn the road ahead for MEMX may be a difficult one.
Major US institutions to rival NYSE and Nasdaq with launch of ‘low-cost’ exchange
Morgan Stanley, Virtu Financial, Citadel Securities, UBS and Fidelity Investments are among the firms looking to establish a low-cost, transparent equities exchange.
UBS agrees to act as intermediary on Cboe FX
UBS will act as intermediary for smaller firms with limited bilateral credit and relationships on Cboe FX.