UBS
Prop Shafted
Proprietary trading is the latest controversy to afflict the beleaguered investment banking industry, accused of everything from playing a pivotal role in the global financial crisis to allowing brokers to fleece their buy-side clients through the…
UBS Readies to Go Dark
When the Markets in Financial Instruments Directive (Mifid) first introduced the concept multilateral trading facilities (MTFs), the first-generation facilities gained the backing of multiple banks. Now, individual banks are launching their own MTFs in…
UBS to Join Dark MTF Club
LONDON-UBS Investment Bank recently announced plans to launch Europe's latest non-displayed multilateral trading facility (MTF), pending regulatory approval by the U.K.'s Financial Services Authority (FSA), according to bank officials.