Forex algos revive US rates trading at UBS

Rejigged algo behind doubling in volumes - Swiss bank aims to repeat trick in swaps

UBS: currency algo behind rates success

A European bank with a slimmed-down product line is making waves in the US Treasury market - and the unlikely secret of its success is an algorithm borrowed from its foreign exchange business.

UBS, which announced a retreat from fixed-income trading in 2012, claims to have more than doubled its market share and revenue from electronic trading of liquid US Treasuries since last year, but the starring role for a forex pricing algorithm is raising eyebrows: "I don't know how you could use a forex al

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