Exclusive: UBS’ Director of FX Options, Louis McCauley Parts Ways with Bank

UBS Investment Bank has lost one of its senior personnel with the departure of Louis McCauley, the group’s Senior Executive Director on the Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) Options desk, Finance Magnates has learned.

Mr. McCauley has served as the Executive Director of FX Options Trading at UBS since the middle of 2014, having reported to John Newman, the Global Head of FX/PM Derivatives Trading at UBS. Finance Magnates has learned that Mr. McCauley has parted ways with the lender to relocate from Zurich to take up a new role as Portfolio Manager at a NYC Hedge Fund. In his new role he will be focusing on both commodities and FX, having garnered an extensive macro background in his prior roles.

He originally joined UBS back in 1999, where he served as an FX Options Trader for nearly two years. More recently however, Mr. McCauley held several senior level roles at leading financial institutions, across the United States, UK, and Japan. This includes stints as the Director - Head of European Fixed Income Derivatives Trading at Susquehanna International Group, Executive Director - Global Head of Precious Metals Trading at Credit Agricole, and Director - Head of Precious Metals Options Trading at Citi.

Finance Magnates reached out to Mr. McCauley who confirmed the move.

UBS made headlines last month after agreeing to pay $19.5 million to the US’ Securities and Exchange Commission (SEC) following charges of false or misleading statements to US investors in structured notes, linked to a proprietary FX trading strategy. In particular, UBS agreed to settle the SEC’s charges that it misled investors in structured notes tied to the V10 Currency Index with Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term Cap.