UBS Inaugurates New Dealing Room, FX Risk Management System In N.Y
BANKS
Union Bank of Switzerland's foreign exchange division begins trading in its new, 100-position trading room in New York today, according to Ken Gettinger, foreign exchange and precious metals manager. The room goes live with a "major upgrade"-- an internally-developed FX risk management system.
The FX risk management system is being implemented globally, but further details of the system could not be obtained by press time. In January, the bank announced plans to globalise FX with a
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