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UBS to outsource fixed income trading platform

Daniel Schafer, FT, UBS to outsource fixed income trading platform, here.

UBS has struck two deals to outsource most of its fixed income trading platform in a radical step highlighting the scale of cost pressures in the investment banking sector.

The Swiss bank will replace its patchwork of multiple trading platforms with standardised solutions from technology groups Murex and Ion Trading, people close to the situation said.

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