Higher Autodealing Limits for UBS Warburg
UBS Warburg has been notifying clients that they have increased the size of transactions that can be autotraded over the banks e-FX platform.
First Published by e-Forex News: July, 2002
UBS Warburg has been notifying clients that they have increased the size of transactions that can be autotraded over the banks e-FX platform. Over the past few weeks, clients of the banks FX Trader application, as well as clients of FXall who request a price from UBS, have been able to get automated quotes for transactions up to 50 million USD in EUR/USD. This means that trade requests under this threshold do not get diverted to a trader, but are priced and returned to the client automatically by the banks quick rate engine, Fx2B. This leads to much faster quoting and trade acceptance response times. A bank spokesman said the increase in autodealing limits is a significant enhancement to the platform, and is in response to client demand for quick prices.
The bank also announced the e-ratio of client tickets dealt over their e-platform has now surpassed 50% for spot and forwards, and 35% for derivatives, and that the e-FX platform had crossed the 10,000 ticket-a-day threshold during a busy day in June.