UBS takes third place in FX interims league table


ZURICH -- UBS Warburg steps into third place after Citigroup and Deutsche Bank in FX Week’s ranking of banks’ forex trading revenues announced so far this year.

UBS Warburg last week reported foreign exchange trading revenues for the nine months to September 30 of Sfr1,130 million ($698 million) -- up slightly from Sfr1096 million for the first nine months in 2000.

The increase represents steady quarterly growth in forex business, said a spokesperson in London, with a growth rate averaging 5%

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