European dealers post record FX results

- By FX Markets Staff
- @FXMarkets_
- 03 Nov 2007

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UBS and Credit Suisse mirrored US rivals, revealing marked gains in FX that were eclipsed by writedowns in collateralised debt obligation (CDO) portfolios and mortgage-related businesses.

UBS said its money markets, currencies and commodities (MCC) business gained strong revenues in derivatives and emerging markets, and record results in spot FX, but it did not provide any figures. The Swiss dealer said the MCC business experienced year-on-year growth, benefiting in the client-facing distribution

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