UBS was found to have overcharged the post-trade spread for around 28,700 client transactions in Hong Kong over a ten-year period.
UBS has said costs associated with a restructure of its investment banking division will total around $100 million in the fourth quarter.
Panelists at Sibos in London agreed that flash crashes are more common in markets today, but the industry still lacks understanding.
Tradefeedr, founded by former hedge fund managers, has launched its data analytics platform with Goldman Sachs, UBS and XTX Markets.
Ulrich Koerner will be replaced as president of asset management at UBS by former Citigroup veteran Suni Harford, who joined UBS Asset Management in 2017.
Morgan Stanley came first for commissions, while the combined Virtu/ITG algos are considered top by investment firms.
The co-head of Citi’s Americas prime finance business has left after two years with the US bank.
Investment firms affected by major FX rigging scandal at Barclays, Citi, RBS, JP Morgan and UBS are seeking compensation in the UK.
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.
State Street, BNY Mellon and MUFG among those backing the tokenisation project aimed at transforming clearing and settlement.