UBS Offers Web-enabled Prime Brokerage
TRANSACTION SYSTEMS
LONDON--UBS Warburg has unveiled its FX Prime brokerage service, which is now live with one North American client. The system was developed in-house and represents the bank’s first foray into FX prime brokerage.
"When we looked at getting into prime brokerage in FX we realized the e-channel represented a unique way of doing it," says Manoj Ketkar, project manager, FX prime brokerage for UBS, based in London.
In the early parts of the trade, where the client deals with the spoke bank, the parties
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