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.
Tag: UBS
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.
Trading Venues
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.
Deutsche Bank poaches algorithmic trading head from UBS
James Rubinstein has been appointed head of electronic equities for the Americas region at Deutsche Bank in New York.
UBS reshuffles investment banking leadership as Andrea Orcel accepts CEO role at Santander
Andrea Orcel will join Santander as CEO in early 2019, as UBS names Piero Novelli and Robert Karofsky co-presidents of the investment bank.
UBS MTF lists more than 50 stocks suspended by MiFID II DVCs
Bans will be implemented over a six month period, effective from 13 April, but capped instruments remain available for trading under LIS waiver.