News Centre

EEX Trading Results In January - New Monthly And Daily Record On The Natural Gas Spot Market

Date 05/02/2013

In January 2013, the total trading volume traded in power derivatives on the European Energy Exchange (EEX) amounted to 125.2 TWh. Compared to January 2012, the volume increased by 19 percent. The Power Derivatives Market volume contained 65.4 TWh from OTC clearing.

ED&F Man Capital Markets Approved As Full Clearing Member Of ICE Clear US - Firm Now Member Of All The World’s Leading Clearing Houses

Date 05/02/2013

ED&F Man Capital Markets, the global financial brokerage business, is pleased to announce that it has been approved as a full clearing member of ICE Clear US.

Warsaw Stock Exchange And Exchange Members Representatives Meet

Date 05/02/2013

• Another meeting of the WSE and brokerage houses (Exchange Members) representatives took place on 4 February.
• The participants confirmed the first day of availability of the new trading platform UTP.

Equiduct January Trading Statistics

Date 05/02/2013

Equiduct established itself in 2012 as one of the fastest growing trading venues in Europe with a 7% increase in turnover compared with 2011, which was achieved despite a 21% decline in turnover across all European lit order books. This growth has continued into 2013 with January proving to be a record breaking month for the platform, Equiduct can announce a record monthly turnover of€4.2 Billion aiding a record average daily turnover of €192 million.

Debates On Key Regulatory Topics And Presentation Of Latest EDHEC-Risk Institute Research At The EDHEC-Risk Europe Days Conference In London, March 26-27, 2013

Date 05/02/2013

Debates on the governance and transparency of indices and European reform proposals for pension fund management will be high on the agenda of the EDHEC-Risk Days Europe 2013 conference at The Brewery in London on March 26-27 next.

Mark Langley To Head Cleartrade Exchange (CLTX) Market Development In Asia - Appointment Of New Asia Business Development Director Signals Rapid Expansion For Cleartrade Exchange In The Region

Date 05/02/2013

Cleartrade Exchange (CLTX), the Singapore Regulated Futures Exchange is delighted to announce the appointment of Mark Langley as its new Asia Business Development Director. Mark Langley was previously with UBS and has extensive experience in the freight and commodities markets, which form the mainstay of CLTX’s business.

Standard & Poor’s Says Civil Lawsuit Threatened By DOJ Is Without Legal Merit And Unjustified - Will Vigorously Defend Against Erroneous Claims Regarding U.S. CDO Ratings From 2007

Date 05/02/2013

• S&P Analysts Provided Good-Faith Ratings In Unprecedented U.S. Housing Market In 2007
• CDOs Whose S&P Ratings Are Challenged By DOJ Also Independently Received Same Ratings From Other Rating Agencies
• DOJ Is Threatening to Sue S&P For Not Predicting Full Magnitude Of Housing Downturn Despite Failure Of Virtually Everyone To Do So
• DOJ Lawsuit Would Disregard Key Facts Including S&P’s Downgrades of RMBS, Increased Collateral Required To Support AAA CDO Ratings, And Public Warnings Prior To Crisis
• Threatened Use Of 1989 FIRREA Statute Against A Rating Agency Would Be Unprecedented And Has No Legal Merit
• S&P Has Learned Lessons From Financial Crisis And Has Invested $400 Million Since 2007 To Strengthen Its Ratings

UBS To Buy Back Outstanding Bonds In Public Tender Offers

Date 05/02/2013

UBS AG announced today that it is making a cash tender offer in relation to certain euro and Italian lira denominated senior unsecured securities for a maximum aggregate principal amount of EUR 2.25 billion, and a cash tender offer in relation to certain US dollar denominated senior unsecured securities for a maximum aggregate principal amount of USD 2.5 billion. The offers correspond in total to approximately CHF 5 billion, based on yesterday's exchange rates, and are subject to increase and other conditions as set out in the tender offer memoranda.

Barclays Bank: Provisions For Interest Rate Hedging Products (IRHP) And Payment Protection Insurance (PPI)

Date 05/02/2013

UBS's Fourth-Quarter 2012 Result

Date 05/02/2013

UBS continues with successful execution of accelerated strategy

• UBS full-year adjusted pre-tax profit¹ CHF 3.0 billion
• Wealth management businesses’ full-year net new money up CHF 11.3 billion to CHF 46.9 billion
• Fully applied Basel III common equity tier 1 ratio² up 310 basis points to 9.8% at year-end
• Phase-in Basel III common equity tier 1 ratio² up 460 basis points to 15.3% at year-end
• Basel III fully applied risk-weighted assets reduced by CHF 122 billion in 2012
• UBS delivered CHF 1.4 billion of net cost savings since mid-2011; strengthened operational risk controls further
• UBS introduces loss-absorbing high-trigger deferred capital instrument into compensation plan
• UBS to buy back up to approximately CHF 5 billion in outstanding bonds in public tender offer
• UBS recommends 50% dividend increase for 2012 to CHF 0.15 per share