(Bloomberg) -- UBS AG, the world's biggest money manager, is postponing its entry into the U.K. power market because the development of its electronic trading systems is taking longer than planned.
UBS had intended to start buying and selling electricity contracts in the U.K. by May 10 through its UBS AG London Branch unit, it said in a letter posted on the Web site of Elexon Ltd., the manager of the U.K.'s power-trading arrangements. UBS said it now expects to be able to start trading in July.
Read more at Bloomberg Energy News
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