UBS Launches On-Line LIBOR Pricing

  • 19 Mar 2001
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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
  • Today
1 Citi 415,838.72 1590 9.03%
2 JPMorgan 379,647.36 1732 8.25%
3 Bank of America Merrill Lynch 359,324.90 1302 7.81%
4 Goldman Sachs 267,102.04 920 5.80%
5 Barclays 266,010.35 1070 5.78%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 45,073.36 191 6.67%
2 Deutsche Bank 37,312.62 138 5.52%
3 BNP Paribas 36,204.20 208 5.36%
4 JPMorgan 34,040.23 112 5.04%
5 Bank of America Merrill Lynch 32,958.96 107 4.88%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 22,398.41 104 8.67%
2 Morgan Stanley 19,092.40 102 7.39%
3 Citi 17,768.49 110 6.88%
4 UBS 17,693.89 71 6.85%
5 Goldman Sachs 17,256.05 98 6.68%