UBS

331 results about this entity

Period: 20 Sep 2004 - 07 Nov 2024

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Banks to launch European derivatives exchange

Banks to launch European derivatives exchange

Following the establishment of the bank-backed European equities trading platform Turquoise, a group of seven global investment banks are now gearing up to a launch a pan-European financial derivatives exchange - dubbed Project Rainbow - that will compete with the region's established markets, including Liffe and Eurex.

Markit buys Boat

Markit buys Boat

UK market data vendor Markit has confirmed that it has acquired the Boat MiFID-compliant trade reporting platform from the consortium of nine investment banks that launched the system in September 2006. Financial terms of the deal have not been disclosed.

Banks, trading firms take minority stake in Chi-X

Banks, trading firms take minority stake in Chi-X

A group of 13 banks and trading firms has taken a minority equity stake in Instinet's MiFID-compliant alternative trading facility, Chi-X Europe.

Turquoise names Farnham COO; Higgins head, client relationship management

Turquoise names Farnham COO; Higgins head, client relationship management

Bank-backed equities trading facility Turquoise has named Adrian Farnham as its chief operating officer (COO) and has appointed Duncan Higgins as head of client relationship management.

Deutsche Bank to open new Indian operations centre

Deutsche Bank to open new Indian operations centre

Deutsche Bank has signed a letter of intent to set up an offshore operations centre in Jaipur, India.

UBS launches options DMA system

UBS launches options DMA system

Swiss investment bank UBS is launching a direct market access (DMA) platform for options trading that can be accessed from 14 third party vendor systems.

Wall Street firms to share Nasdaq 144A securities platform

Wall Street firms to share Nasdaq 144A securities platform

A consortium of Wall Street banks have opted to ditch their competing electronic trading system for unregistered securities in order to cooperate on a single platform operated by Nasdaq.

Misys downgraded as banks review IT budgets

Misys downgraded as banks review IT budgets

Shares in Misys dropped in morning trading after UBS analysts downgraded the UK banking systems vendor from 'neutral' to 'sell' following concerns that financial firms are reviewing IT budgets.

Nyse Euronext teams with Bids for block trading JV

Nyse Euronext teams with Bids for block trading JV

Exchange operator Nyse Euronext is establishing a block trading joint venture with Bids Holdings, the Wall Street consortium that is setting up its own alternative platform for equity block stock trading.

Wall Street firms pay $180 million to buy back into TradeWeb

Wall Street firms pay $180 million to buy back into TradeWeb

Nine Wall Street firms are to pay Thomson Financial $180 million to purchase a minority stake in electronic fixed income platform TradeWeb.

Boat gears up for November launch; Turquoise board appointed

Boat gears up for November launch; Turquoise board appointed

Project Boat, the European trade reporting platform that is being established by nine City investment banks, will start reporting two-thirds of the EU's off-exchange share trades when it launches in November.

BNP Paribas buys into Turquoise

BNP Paribas buys into Turquoise

French banking group BNP Paribas has acquired a three per cent stake in Turquoise, the bank-backed equities trading platform that will compete head-to-head with domestic stock exchanges in Europe.

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