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Momtchil Pojarliev
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Some Like It Hedged

BNP Asset Management's Pojarliev discusses a variety of options to address foreign currency exposures. Although there is no single best-practice solution for addressing foreign currency exposures, institutional investors have three main choices, he says.

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February 14, 2011

UNX Bulks Up Broker Offerings Through EMS

By James Ramage

UNX wants to give its execution management system users more ways to access the world markets.

Users of UNX's broker-neutral Catalyst EMS can now trade in Canadian, European and South American markets through UBS algorithms and its direct-market-access portal. The arrangement with UBS gives Catalyst's buyside and sellside customers even more electronic tools to access international markets.

UNX has deals with almost 30 brokers whose electronic tools are available to Catalyst customers, said Thomas Kim, the firm's chief executive. And UNX has an "aggressive" pipeline of brokers it's adding on a regular basis, he added.

But just as the EMS customers use broker tools to access overseas markets, so brokers use the arrangement with UNX to push their products to Catalyst users, as well, Kim said.

"If they're a client of the broker and they're using Catalyst, the brokers are using Catalyst to deliver their tools to their clients, in addition to receiving the order flow from them through the use of those tools," Kim said.

 

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