UBS Investment Bank today announced the launch of Direct Market Access (DMA) for electronic trading of securities on Bolsa Mexicana de Valores in Mexico, the second largest stock exchange in Latin America.
The introduction of DMA in Mexico will benefit clients by improving the speed and capacity of their execution and broadening their direct access to flexible order types.
"With today's launch of DMA in Mexico, UBS is once again reaffirming its commitment to Latin America," said Raul Esquivel, Head of UBS Investment Bank for Latin America. "We are offering our clients an efficient way to capture investment opportunities in this significant market."
Direct Market Access provides UBS clients a quick and dynamic way to send electronic orders directly to Bolsa Mexicana de Valores without passing through an intermediary. As with all UBS DMA systems, UBS Mexico DMA provides clients with 100% anonymity, increases the speed of execution, lowers trading costs and heightens transparency.
"We are extremely pleased to offer our clients unmatched, seamless, direct access to global liquidity, providing them with a diverse universe of trading choices. UBS Mexico DMA is particularly exciting given our institutional clients' increasing focus on Latin America," said Damian Fraser, Head of Equities, Mexico for UBS.
With UBS DMA, clients can send front-to-back electronic orders directly to Bolsa Mexicana de Valores from their desktop, using most major execution management systems or order management systems, as well as UBS's own "Pinpoint." 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 130 markets and trading venues worldwide.