Bans will be implemented over a six month period, effective from 13 April, but capped instruments remain available for trading under LIS waiver.
Hong Kong financial watchdog fines UBS after it failed to produce transaction and client consent records.
Melvyn Merran has been appointed head of credit trading for ETFs as Citi continues its drive into the ETF space.
Swiss investment bank’s annual report outlines potential revenue impacts of MiFID II unbundling and changes to OTC derivatives trading.
Three major investment banks allegedly carried out various frauds and spoofing on precious metals futures contracts.
The market maker recruited Marc Harold as deputy chief compliance officer, one month after it hired a former SEC director in May.
One of Deutsche Bank’s top securities lending traders left in May to join UBS.
Former compliance officer at UBS worked at the investment bank for more than a decade.
Deficiencies were seen on UBS’ price improvement network and Opera trading systems.
Ranking of top FX dealers reveals a significant redistribution of market share this year.