Revolutionary Intraday FX Swap Executed by UBS and CIBC through Finteum
Tuesday, 30 July 2024, 08:01
Introduction
UBS and CIBC have executed the world’s first intraday FX swap via the Finteum platform. This groundbreaking innovation promises to reshape the interbank market.
Key Features of the New Trade Type
- Enhanced Liquidity: The intraday FX swap allows for super-short-term transactions.
- Reduced HQLA Requirements: Banks may experience lower demands for High Quality Liquid Assets.
- Market Modernization: This platform is a significant step in improving banking operations.
Conclusion
Overall, UBS and CIBC's recent accomplishment via Finteum is set to transform FX trading by providing crucial liquidity enhancements and optimizing banks’ asset management strategies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.