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 bank’s e-FX platform. Over the past few weeks, clients of the bank’s 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 bank’s 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...continued

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