UNX offers order execution and algorithmic trading suite as service bureau
16 October 2007 | 1930 views | 0
UNX, the market structure experts and innovative electronic trading technology company, announced today that it now offers its entire suite of advanced order execution and algorithmic trading services as a Service Bureau.
With this new service, UNX's customers will be able to utilize UNX's execution infrastructure while retaining their identity on the street, allowing them to maintain their existing pricing structure with each marketplace. Customers who utilize UNX's Service Bureau will have the option of designating which Market Participant ID (MPID) to use for each venue - routing either all or part of each order using their own MPID or the UNX MPID.
"Our Service Bureau offering is the culmination of our efforts to unbundle the advanced execution services UNX is known for and to provide a flexible, open architecture that allows clients to choose how they take advantage of our technology," said Scott Harrison, CEO of UNX. "This offering allows sell-side and member firms to leverage UNX's technology to better service their clients. The highly customizable and flexible nature of our technology allows us to deliver tailored solutions that meet the individual needs of each of our clients."
The services available as a Service Bureau include all of the advanced execution services and algorithmic trading strategies offered on UNX's Algorithmic Market Access (AMA) platform. UNX's next-generation AMA technology is an entirely new approach to interacting with today's fragmented and ever-evolving marketplace that offers advanced tactical execution tools, rules-based synthetic orders and algorithmic trading solutions.