Commentary

Joseph Cordahi
Traders Magazine Online News

Rising Rates and Vol Give Funds Food for Thought, but a Menu Overhaul Isn't Required

Due to a combination of pressure to deliver greater returns and a prolonged period of low rates, the investment world is experiencing a major shift requiring asset managers to rethink their strategies.

Traders Poll

Do you think that NY AG Schneiderman's probe into crypto exchanges will curtail growth and trading?



Free Site Registration

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.

 

(c) 2011 Traders Magazine and SourceMedia, Inc. All Rights Reserved.

http://www.tradersmagazine.com http://www.sourcemedia.com/