UBS upgrades FXPB tools
"Empirically, we know we occasionally receive two give-ups representing one transaction," said Ed Pla, head of FX prime brokerage at UBS in London. "We have therefore implemented additional checks within operations to insure against duplicate trades."
The Swiss dealer made the upgrade in the second quarter this year, after about nine months of design, development and testing.
UBS has also enhanced its prime brokerage reporting tool, automating some elements of the process. This includes the
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