BNP Paribas, Goldman Sachs, Lloyds, UBS choose Droit for MiFID II trade engine LeapRate

July 05, 2017 BY Valentina Kirilova

BNP Paribas, Goldman Sachs, Lloyds, UBS choose Droit for MiFID II trade engine

Five of world's leading financial institutions have committed to using Droit Financial Technologies as their choice for MiFID II trade compliance. The decision by BNP Paribas, Crédit Agricole CIB, Goldman Sachs, Lloyds and UBS represents a watershed in the industry search for a strategic solution in the run-up to the implementation of the new European…

April 13, 2017 BY Valentina Kirilova

UBS: Nasdaq is undergoing a transformation, and it could lift the stock 25%

One of the top stock exchanges in the US could see its stock price increase by 25% over the next 12 months despite a first quarter slowdown in activity, Business Insider reported. That's according to UBS equity analyst John W. Forman, who said in a note to clients that Nasdaq could see its stock increase…

April 06, 2017 BY Valentina Kirilova

HQLAᵡ selects Corda for collateral lending solution in collaboration with R3 and five banks

Financial innovation firm R3, five of its members and financial resource management specialist HQLAᵡ have built a collateral lending solution for liquidity transfers on R3’s Corda distributed ledger platform. Project participants CIBC, Commerzbank, Credit Suisse, ING, UBS and HQLAᵡ collaborated with R3 to develop an operating model for a digital collateral receipt (DCR) lending marketplace.…

November 22, 2016 BY Valentina Kirilova

Solactive introduces Global Gender Diversity Index licensed to UBS

The innovative German index provider Solactive has announced that is launching the Solactive Global Gender Diversity Index which will be licensed to UBS. The index enables investors to integrate a gender-focused perspective in their investment strategies by choosing companies from a global stock universe that exhibit boardroom gender diversity and low volatility. The index is…

November 15, 2016 BY Valentina Kirilova

UBS teams up with Clearstream and Citi for innovative T2S strategic solution

In collaboration with UBS, Clearstream and Citi have designed an innovative market-side network model that enables banks and broker-dealers to optimise their operating models and reap the maximum benefit from TARGET2-Securities (T2S), the Pan-European settlement platform operated by the Eurosystem. The new solution will provide market participants with a single point of access to T2S,…

November 10, 2016 BY admin

R3 works with member banks on shared KYC service based on distributed ledger technology

Financial innovation company R3 and ten of its consortium member banks have successfully developed a proof-of-concept for a Know Your Customer (KYC) registry that addresses the challenges associated with satisfying regulatory requirements and allows identities to be managed by their owners. BBVA, CIBC, ING, Intesa Sanpaolo, Natixis, Nordea, Northern Trust, Société Générale, UBS and US…

August 24, 2016 BY Valentina Kirilova

Utility Settlement Coin concept on blockchain gathers pace

Bank of New York Mellon Corp (NYSE:BK), Deutsche Bank AG (USA) (NYSE:DB), ICAP plc (LON:IAP) and British bank Santander UK plc join UBS and Clearmatics to advance the Utility Settlement Coin concept, and plan tests in a real-market environment. USC is a digital cash model aimed at facilitating payment and settlement for institutional financial markets.…

March 03, 2016 BY Mike Fox

R3 trials blockchain fixed income trading with 40 banks

The trial marked an unprecedented scale of institutional collaboration between the financial and technology communities exploring how distributed ledgers can be applied to global financial markets. Just released is a major blockchain announcement from financial technology innovation company R3 CEV. In short, they connected 40 banks to five different blockchains and allowed them to facilitate…

December 21, 2015 BY Maria Nikolova

Court of Appeal reduces Tom Hayes sentence for LIBOR manipulation

The UK Court of Appeal today ruled to reduce the prison sentence of former UBS and Citi trader Tom Hayes, convicted of LIBOR manipulation. The sentence was cut from 14 years to 11 years. The new ruling, in response to Mr Hayes' appeal to the previously issued sentence, took into account all the circumstances, including…

December 17, 2015 BY Maria Nikolova

Swiss regulator issues six industry bans against UBS managers, traders for FX manipulation

The Swiss Financial Market Supervisory Authority (FINMA) today announced that has issued industry bans of between one and five years against six managers and traders formally employed in the foreign exchange and precious metals business of UBS AG (SWX:UBSN). The watchdog concluded that the six individuals were responsible for the breaches of regulation at UBS…

Tag: UBS