UBS Extends Use of WAM

UBS has extended its use of wide area messaging (WAM) technology from market data systems vendor Caplin Systems to distribute its prices to clients, Caplin announced last week. UBS has been using Caplin’s Real Time Text Protocol-based products to distribute data internally since September 2001 (IMD, April 15, 2002), and has now expanded the service to distribute real-time indicative option prices to more than 500 investment management and treasury clients of the bank vi