UBS’s Currency Trading Volume Hit Record as Pound Crashed
From bloomberg.com
UBS Group AG, the world’s third-biggest currency trader, said it processed a record number of currency trades during the minutes of the pound’s flash crash this month. “We processed our highest volume of trades in a minute -- it was many thousands of trades and the peak was 50 percent higher than our previous record volume,” Anthony Hall, the Singapore-based head of foreign exchange, rates and credit in Asia Pacific at UBS, said in an interview this week. “Everything was compressed into this spike in volume.” Follow @Brexit for the latest news, and sign up to our Brexit Bulletin for a daily roundup. The Swiss bank’s ...
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