Swiss investment bank increased its stake in UBS Futures to 100% last month
Investment bank UBS has expanded its
futures brokerage business in China after securing backing from
the top Chinese futures regulator.
The Swiss bank said on Monday it has
expanded its UBS Futures (UBSF) brokerage firm with a new
financial futures brokerage service in China, amid plans to
increase its product range for institutional clients.
The expanded offering comes after UBS was
granted 'trading membership’ from the China
Financial Futures Exchange (CFFEX) on Wednesday May 18.
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