UBS closes Zurich spot desk, boosts FX trading in London

PEOPLE NEWS

ZURICH -- UBS Warburg has closed its spot FX trading desk in its Zurich headquarters, redeploying staff to its London office.

The move will boost the bank’s London spot desk to a total of 16 traders, expand its trading hours and become the bank’s only trading desk in the European timezone for spot FX, the bank said.

Five traders in the Zurich office are affected by the move: they will either join the London spot desk or be redeployed elsewhere in the bank, said a spokesperson.

Christoph Meier

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: