UBS connects to Nyse Bonds

Source: UBS

UBS and the New York Stock Exchange today announced a new strategic relationship whereby UBS customers can connect to NYSE Bonds through the UBS Bond Port (formerly named UBS PIN-FI) to access a centralized pool of corporate bond liquidity.

NYSE Bonds is the only corporate bond exchange in the U.S. and offers customers real-time, electronic access to live and executable prices with direct interaction with the marketplace through limit order functionality. Orders are executed on a strict price/time priority, helping customers establish best execution in an open, transparent trading environment.

With this new relationship, UBS Bond Port prices will now be available on the NYSE Bonds platform, and UBS Bond Port will also distribute NYSE Bonds’ live and executable prices to its U.S. and European customers, giving them seamless access to the U.S. credit market.

“This link will help us bring the best possible prices to our clients,” said Kevin Arnold, UBS Head of FX, Rates and Credit- Americas. “And it takes bond market access to a new level, allowing clients access to global liquidity, 24-hours-a-day trading and the ability to distribute NYSE Bonds prices around the world.”

“The addition of UBS Bond Port to the NYSE Bonds platform offers bond market participants access to a unique pool of liquidity in the U.S. corporate bond market, where live, executable prices are displayed electronically in a transparent environment,” said Steve Crutchfield, NYSE Group Vice President and Head of NYSE Bonds, Options and ETPs.

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