UBS to build post-trade hub

FRONT PAGE NEWS

The Swiss bank is to establish the service by the second quarter of 2006. Guido Buehler, managing director of cash and derivatives operations, said the cross-product client portal would enable it to build FX business and cut margins. "It will give us a competitive edge and enable us to deliver the post-trade service to UBS clients on business they do with our rivals."

He gave the example of a small retail bank that does not have the infrastructure or operational staff as the type of client who

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