25 November 2015

UBS goes algo in Mexico

31 January 2012  |  2116 views  |  0 Source: UBS

UBS today announced the launch of algorithmic trading for international clients trading equities on Bolsa Mexicana de Valores in Mexico.

The addition of algorithmic trading strategies enhances clients' ability to access this major Latin American market center, and complements UBS's existing Direct Market Access (DMA) offering in the country.

UBS is launching this offering in Mexico with a full suite of liquidity seeking, volume and price-sensitive strategies, including the award-winning UBS Tap. UBS clients can use these algorithmic trading strategies to efficiently interact with liquidity on Bolsa Mexicana, sending electronic orders directly to the exchange without passing through an intermediary.

In November 2010, UBS was the first international broker to launch DMA in Mexico, allowing clients to trade electronically directly on the exchange. UBS clients can now send both front-to-back DMA and algorithmic trading orders using most major execution management systems or order management systems, as well as the firm's own UBS Pinpoint.

"Our experience offering DMA in this market has enabled us to tailor our trading strategies specifically to the market structure of Bolsa Mexicana, which means our international clients should have a seamless experience as they trade into Mexico" said Owain Self, Global Head of Algorithmic Trading at UBS.

"Offering an entire suite of algorithmic trading strategies for Mexico is another example of our commitment to a uniquely optimized Latin American offering," said Damian Fraser, Head of Equities for Latin America. "Our clients have expressed great enthusiasm for even more sophisticated tools to access this growing, dynamic marketplace, and we are delighted to be able to meet those needs."

UBS also provides DMA and algorithmic trading for international clients trading into Brazil, across the global emerging markets of Europe, Middle East, Africa and Asia, and over 90 markets and trading venues worldwide.

UBS Direct Execution is the firm's global institutional electronic trading business. Direct Execution offers ultra-low latency Direct Market Access (DMA), a suite of award-winning advanced Algorithmic Trading strategies, a state-of-the-art analytics platform - offering Real-Time TCA - called UBS Fusion, and a multi-asset international execution management system called UBS Pinpoint.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news


Top topics

Most viewed Most shared
MIT to run fintech degree course
8830 views comments | 35 tweets | 14 linkedin
Coinbase issues Bitcoin debit card
7942 views comments | 16 tweets | 21 linkedin
Apple Pay users given a free ride in Londo...
7811 views comments | 21 tweets | 29 linkedin
UK banks hardest hit by non-bank money tra...
7791 views comments | 27 tweets | 30 linkedin
BBVA buys 29.5% stake in Atom for £45...
6653 views comments | 33 tweets | 40 linkedin

Featured job

Competitive Package
New York City, NY. USA

Find your next job