25 November, 2003

UBS ranked No.1 in Foreign Exchange by FX Week

UBS has been ranked No.1 in FX Week's annual FX poll. UBS has improved from its No.2 ranking, which it has held for the past two years. Overall, UBS picked up more awards, and more nominations by client segment, than anyone else.

FX Week's annual poll is one of the benchmark surveys of the FX industry, and this year received nearly 1000 responses. The publication reports an overall ranking (UBS: No.1), and also breakout rankings as voted by banks (UBS: No.1), investors (UBS: No.1) and corporates (UBS: No.4).

UBS dominated across the various areas that were polled, including:
- No.1 in FX research and strategy
- No.1 in e-trading
- No.1 in currency options
- No.1 dealer in USD/JPY
- No.1 dealer in EUR/JPY
- No.1 dealer in USD/CHF

UBS was also voted No.1 in spot FX by banks and investors, and No.2 overall for CLS Third Party Services.

Martin Wiedmann, Joint Global Head of FX Distribution and Services, commented, "This is another indication by the market that UBS has the leading FX business. We're pleased to do so well across the board from research, to trading, to e-commerce".

24 November, 2003

US team retains UBS Cup for third year

The United States has kept the UBS Cup for the third year running following a tie with the Rest of the World team on Sunday. Scott Hoch rallied from two holes down with five to play for a draw against Eduardo Romero. That gave the Americans a half point and they tied 12-12, allowing the US team to retain the title.

The Americans have defeated the Rest of the World in all three meetings of the match-play event in which six members of each team are 50 years or older and six are 40 to 49.

In a tense finale, Rest of the World captain, Tony Jacklin, beat US captain, Arnold Palmer 1-up; Nick Faldo beat Curtis Strange 2-up; Des Smyth edged Craig Stadler 1-up; and Bill Longmuir beat Rocco Mediate 1-up.

Arnold Palmer, US Captain commented, “For the gallery, it had to be very exciting. I was watching and I got pretty damn excited". Scott Hoch, added, "Everybody had so many close matches. There were a lot of close matches that changed on the 18th hole".

See golf channel for full results

10 November, 2003

Best Overall for Electronic Services

UBS Investment Bank has retained its crown as 'Best overall for electronic services' in Euromoney's annual Technology Survey. This is only the second year that Euromoney have given the overall award and UBS Investment Bank has been the winner on both occasions. As well as the overall award, UBS Investment Bank also won the top awards in both FX and Fixed Income, and were 'highly commended' for both Equities and Derivatives overall.

Previously known as the Euromoney.com Internet Awards, the survey was expanded this year to include all forms of electronic services, not just on-line products, making this is an even greater achievement.

Euromoney commented, “UBS takes this award for the second year in a row because once again it has won more awards in more asset classes than any other firm”. The article added, “It won the award for the best bank in online fixed income for the first time, demonstrating quality electronic services for issuers and investors. Its KeyTrader product, which allows clients to trade based on competitive pricing on fixed income and equities, is unique. Given the way that it has used technology to help it become one of the biggest foreign exchange houses in the world, few will be surprised to hear that it was the clear winner as the best bank in electronic foreign exchange. What's more, it is highly commended for its electronic services in both equities and derivatives. This kind of excellence across product groups cannot be found at any other bank”.

Wanda Kim, Chair of the E-Commerce Steering Committee, commented, “Winning the overall award for the second straight year underscores the strength of our offering across all business areas.
E-Commerce has moved way beyond mere product delivery. It's not just about technology, but how we use our technology to deliver solutions to our clients”.

UBS Investment Bank picked up a total of 18 awards. Full details of the awards will be published in this month's edition of the Euromoney magazine and can be seen online at Euromoney.com.

10 November, 2003

Best Bank in Electronic Foreign Exchange

UBS Investment Bank has been named the overall "Best Bank in Electronic Foreign Exchange" by Euromoney, an award category the bank has dominated in the past few years, including winning Euromoney's best online research and analytics website for three years in a row.

Our FX technology awards include best online FX research and analytics, best FX trading connectivity and best electronic FX post-trade services. Euromoney commented, “It would be difficult to give this award to any other bank this year. From the six foreign exchange award categories available, UBS won three, and it was painfully close to winning a further two”.

It continued, “Whatever a client's particular area of focus might be, a quality service is always available from UBS. It transacts more business electronically than any other bank, which certainly indicates that clients like the platforms too. Its flexibility and attention to detail in all its trading applications helped it to win the trading connectivity award. Its research and analytics package boasts the best design of any of its peers. Right through to post-trade services, its electronic platforms are the best in the business”.

Fabian Shey, Joint Global Head of FX Distribution and Services, commented, "We are very pleased to do so well in these awards, particularly given the fierce competition in the FX market these days. To win these awards is a testament to the hard work of our entire team. We realise that standing still is not an option any more".

10 November, 2003

Best Bank in Electronic Fixed Income

This year UBS Investment Bank achieved No.1 position in electronic fixed income, marking the step-up from last year’s runner-up ranking. Individual awards include best trading connectivity, fixed income analytics and best services for debt issuers. The award noted, “Its e-commerce team has a consistency of approach and direction in the development and deployment of new products that few banks can match”.

In the Trading Connectivity category, Euromoney noted, "With KeyTrader, UBS is starting to reshape connectivity in fixed income. Starting from the premise that no single bank could provide the greatest possible depth of prices on the broadest possible range of securities, UBS asked itself the simple question: "How can we guarantee external users best execution at best prices?" The answer was to make the bank's internal tool, KeyTrader, available to clients. A single application for both equities and fixed income, KeyTrader is a trading system designed to execute at best price regardless or whether it is UBS that is offering that price. Clients can manage their own accounts. They get real-time data. They can pass orders directly to more than 50 international stock markets. And they get straight through processing. Effectively, a client can outsource his trading desk. Users can connect through an interface or through either Fix or Swift. KeyTrader messaging can be delivered straight into a client's order management system".

It continued, “Even in those areas where it was already a market leader, UBS continues to improve its sites. In portfolio analytics, for example, its CreditDelta offering gets a Euromoney award for the third year running. It is already the most impressive tool of its kind, but UBS has added attribution analysis - a first for the credit market and a feature that puts CreditDelta even further ahead of the competition. In research, the bank is releasing a series of new products that will reflect how clients trade across credit markets. And its technical strategy sites are strong”.

Stuart Clenaghan, Head Fixed Income E-Commerce, commented, "This is a terrific achievement which reflects the excellent teamwork between the business and IT across many geographic locations".

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