VENUE FILE · filed 2026-09 · last re-checked 2026-09
UBS Neo (FX) — the liquidity layer, one venue at a time
UBS Neo provides institutional clients with access to a comprehensive FX trading platform, enhancing liquidity and market structure across multiple venues.
UBS AG · Zurich, Switzerland · evidence score 98/100
Licence, read on the register
| Regulator | Licence number | Jurisdiction | Tier | Source |
|---|---|---|---|---|
| FINMA | not verified | Switzerland | tier-1 | open source ↗ |
| FCA (UBS AG London Branch) | 186958 | UK | tier-1 | open source ↗ |
| SEC/FINRA (BrokerCheck, UBS Securities LLC) | 8-22651 | US | tier-1 | open source ↗ |
| NYSE (UBS Group AG listed) | not verified | US | tier-1 | open source ↗ |
Tier classification follows the same scale as the retail register: tier-2 means real supervision and client-money segregation, without an investor compensation scheme — never misread it as tier-1 protection.
The claims ledger
Claims specific enough to be falsified — and the ones that remain the venue's own measurement.
- 3testable claims
- 2venue-measured claims
- 4named data centres
- UBS Neo is the bank's cross-asset electronic platform providing 'electronic access to the best of UBS' (ubs.com investment-bank/ubs-neo page)
- UBS Investment Bank e-FX offers around-the-clock streaming prices across G10, Emerging Market and Precious Metals (ubs.com electronic-trading/fx page)
- UBS Group is subject to consolidated supervision by FINMA; UBS AG London Branch FCA FRN 186958 is authorised (UBS Annual Report 2025; FCA register firm page)
Claims we cannot verify from outside
- NeoFX volume growth figures (self-measured, Euromoney-cited)
- Liquidity depth claims (self-measured)
Perimeter and coverage
| Asset classes | Venues | Connectivity | Clients accepted | Explicitly refused |
|---|---|---|---|---|
| FX spot, FX forwards, FX swaps, NDFs, FX options, Precious metals | EBS, Reuters, CME FX, CLS | FIX, REST/API, UBS Neo platform | Banks, Institutional investors, Asset managers, Hedge funds, Corporates | Retail clients |
A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to assess than one that doesn't. The refusal list is treated here as disclosure, not as a defect.
What the desk watches next
The follow-up plan attached to this file — each item re-checked on a future pass, dated and kept falsifiable.
- Self-measured claims on volume growth
- Limits of Tier-1 licence in Switzerland