UBS
The lure of click-to-trade systems
Growing demand from high-net-worth investors for bespoke structured products is leading to smaller deal sizes. As a result, arrangers are planning to increase their use of automated systems to mitigate the costs of delivering and servicing small trades…
Unauthorised trading costs UBS £50 million
Penalty is, to date, the third largest levied by the UK regulator
Battle formations
Major Chinese entities and international banks are steeling themselves for a protracted battle on multiple fronts related to the use of over-the-counter derivatives. The confrontation is killing business and preventing some Chinese entities from hedging…