08:28 AM EDT, 03/19/2025 (MT Newswires) -- UBS Group ( UBS ) is closing its outsourced trading desk, multiple media outlets reported Wednesday.

The company has started notifying its clients about the closure, giving them a three-month window to find a new provider, Bloomberg reported, citing sources familiar with the matter.

One of the sources said the company is not shutting down its execution hub, according to the report.

UBS did not immediately reply to a request for comment from MT Newswires.