Move to streamline trading at UBS pays off as revenues surge 44%
With higher volatility and trading volumes, UBS believes it has grabbed market share in electronic trading, FX and equities.
Tag: UBS
Buy-Side
Leveling up
As a new decade begins, Chris Hall looks at how the role of the buy- and sell-side trader has evolved since the flash crash of 2010, and finds that while the buy-side has levelled up with brokers, progression has not always been smooth.
UBS names ING chief as new CEO
Ralph Hamers has been with ING for more than 28 years, having led the institution as chief executive since 2013.
UBS extends post-trade technology deal with GBST
Swiss-headquartered investment bank will migrate its post-trade operations in Australia to GBST’s automation platform for cash equities and exchange-traded options.
UBS electronic execution head Goodman named president of MTF
Mark Goodman rejoined UBS from Societe Generale in 2015 to lead the bank’s electronic execution services.
AxeTrading adds $30 billion UBS Bond Port liquidity to EMS
Users of the AxeTrader EMS will gain access to around $30 billion of daily global liquidity in credit, rates and emerging market bonds through partnership with UBS Bond Port.
Equities trading veteran Richard Semark departs UBS
Leading equities trading voice and recipient of The TRADE’s 2017 lifetime achievement award exits bank after decade and a half tenure.
UBS fined HK$400 million for overcharging spread on bond trades for ten years
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 investment bank restructure to cost $100 million
UBS has said costs associated with a restructure of its investment banking division will total around $100 million in the fourth quarter.
FX industry urged to better understand flash crashes
Panelists at Sibos in London agreed that flash crashes are more common in markets today, but the industry still lacks understanding.