UBS earns post-trade and CLS plaudits
These awards come as the bank - along with its peers - grapples with the challenges posed to processing efficiency by the growing volume of foreign exchange trades. The rise of algorithmic trading and the expanding retail sector in particular have resulted in greater numbers of lower-value trades - meaning banks have to process more tickets, but pay more per dollar earned to process them.
This has been a consistent feature of the past five years, said Colin Parry, global head of money market
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