UNX LLCwill support international electronic trading with UBS through the UNX Catalyst trading platform, according to the company which plans to announce the capability. Catalyst users can access markets across Canada, Europe and South America when they trade using UBS direct market access (DMA) and algorithmic trading strategies. Clients already have had access to electronic trading capabilities from UBS for the U.S. since 2009. UNX’s CEO Thomas Kim, states: “We’re excited to mark another significant milestone in the growth of our innovative offering. By making international trading via UBS available to our clients, they can tap the global firm’s unparalleled footprint of exchanges and alternative liquidity.” UNX will next focus on making UBS’s electronic trading capabilities available in Brazil, where international clients may trade on the Bovespa using DMA and algorithmic trading strategies, and in Mexico, where UBS recently launched DMA, says UNX in the press statement.
UNX recently enhanced the real-time benchmarking, portfolio and single-stock trading capabilities of its Catalyst EMS, and continues to integrate broker algorithms, portfolio trading and other electronic trading services into the Catalyst Portal.