UBS Launches On-Line LIBOR Pricing

  • 19 Mar 2001
Email a colleague
Request a PDF

UBS Warburg today plans to go live with a web site that will give clients indicative prices for LIBOR-based fixed income derivatives products. Derek Yates, director-fixed income derivatives in London, said the site will cover 90%--in terms of volume--of products the department offers, including swaps, swaptions, caps and floors denominated in seven currencies. These are Australian, Canadian, Hong Kong, Singapore and U.S. dollars, euro and sterling. Execution will still be handled via a telephone call, as Yates believes there are still speed and reliability problems with pure Internet execution.

UBS Warburg is launching the site now following the completion of a six-month pilot study with a small group of customers, which confirmed there was demand for the service. UBS Warburg looked at setting up the site because it wanted to give clients a "synthetic whiteboard" to price derivatives and to help marketers explain products and scenarios to clients, according to Yates.

The UBS site is unique because it shows bid/offer spreads priced directly from the trading desk, Yates contends. For liquid products the price the client sees on the screen will be at least as good as the price they get when they phone the sales team to transact.

  • 19 Mar 2001

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Citi 244,235.70 910 8.87%
2 JPMorgan 223,767.95 1021 8.13%
3 Bank of America Merrill Lynch 211,276.97 750 7.68%
4 Barclays 166,062.82 634 6.03%
5 Goldman Sachs 162,877.27 537 5.92%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jul 2017
1 HSBC 25,385.87 103 7.10%
2 Deutsche Bank 25,125.19 81 7.03%
3 Bank of America Merrill Lynch 22,023.57 59 6.16%
4 BNP Paribas 18,766.65 109 5.25%
5 Credit Agricole CIB 18,157.63 105 5.08%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 12,578.87 55 8.17%
2 Citi 11,338.07 71 7.36%
3 UBS 10,682.06 44 6.93%
4 Goldman Sachs 10,419.53 53 6.76%
5 Morgan Stanley 10,194.88 57 6.62%