UBS warns customers about Brexit volatility

UBS has warned its customers about possible restrictions in the negotiations in relation to the referendum on Brexit. If during tomorrow's vote should occur extreme swings or difficulty in terms of liquidity the bank may have problems running transactions on its electronic trading platform.

If problems occur, the transactions would be carried out as soon as the situation gets back to normal, UBS says. Other institutions, such as the Dutch ING and the French Societe Generale, have sent similar communications to its customers.

This shows how great the concern among the banks in relation to the consequences of the referendum on the financial markets. The first results of the voting are expected by Friday morning.