UBS, NYSE Tie-Up Looks to Corral Corporates' Shifting Liquidity

New tech required as buy side takes on larger role.

Kevin Arnold, UBS.

Curing what ails the corporates market has long been a topic of technology conversation — but until recently, without a direct regulatory mandate to overhaul the market, structural realities have proven the lone and, often, insufficient drivers of change. As more inventory shifts to investment managers, improvements in workflow and information flow are needed behind it, though. "In the past, you had linkages between the credit calendar — origination — with a relatively small