Common Technology Drives Derivatives Success for UBS

"There's a big focus on applying cash technology to our listed options business," says Will Sterling, head of institutional electronic trading with UBS. "We've done quite a bit of it so far, since our smart-routing platform, which had historically been used to route cash products, has been something we've been running for the U.S. options markets for over a year now," he adds.

Applying the smart router technology was more complicated than simply dropping the code into the new environment. Much of