UBS would be trading this on behalf of their big hedge fund clients - but also on behalf of themselves via their proprietary (prop) trading desk.
You surely wouldn't be suggesting that UBS would be making money for their clients but not doing so for themselves?
Most of the so-called "investment banks" eg UBS, Goldmans, JPM, MS, etc etc make the vast majority of their income from their own prop trading and not from clients fees.
UBS would be trading this on behalf of their big hedge fund...
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$10.16 |
Change
-0.040(0.39%) |
Mkt cap ! $3.038B | |||
| Open | High | Low | Value | Volume |
| $10.00 | $10.24 | $9.96 | $17.95M | 1.771M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5383 | $10.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.19 | 1000 | 1 |
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