UBS Expands DMA Capabilities with Orc
UBS Securities has extended its broad usage of Orc's Electronic Execution solution to facilitate DMA on the ASX and CME.
The Swiss bank has been using Orc's electronic execution solution since 2007 but has now expanded its usage of the suite of solutions to include Orc Flow Control. The tool is a multi-market pre-trade risk control, designed to meet tighter regulatory requirements by allowing brokers to set up limits and monitor trading activity in real time for all participants across all markets.
The bank will also provide low-latency connectivity to enable direct market access (DMA) on the ASX and CME.
"UBS is committed to providing clients with new options for their trading needs. Orc's Electronic Execution solution has allowed us to add ASX, and we plan to add the CME in the next phase," says Anthony Cooper, head of ETD electronic sales for APAC at UBS. "We continually seek to identify enhanced solutions that adhere to a changing regulatory environment but ideally, at the same time, allow us to serve customers with different risk profiles and satisfy their needs."
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