“Clearly we have many clients who trade a combination of emerging market and G10 currencies, and this will enable us to look at foreign exchange much more holistically than we may have previously. That’s a sign of changes within the market,”

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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“Clearly we have many clients who trade a combination of emerging market and G10 currencies, and this will enable us to look at foreign exchange much more holistically than we may have previously. That’s a sign of changes within the market,”

—Andrew Kaufmann, global head of fx structuring at UBS in London, on why the firm integrated its EM fx business with its overall fx business.

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