UBS to Act as Central Credit Intermediary for CBOE FX Markets

Cboe FX Markets announced that UBS has agreed to act as a Central Credit Intermediary for eligible counterparties on Cboe FX; who might have limited bilateral credit relationships, enabling them to access a wider pool of liquidity. Small and mid-sized banks, or financial institutions that might have limited bilateral credit, can leverage UBS as a Spot FX Intermediary to alleviate this hurdle – settling all trades exclusively with UBS. Eligible counterparties can gain exposure to a greater number of Cboe FX participants despite the absence of direct credit relationships, aided by the UBS arrangement.