Goldman, UBS Line UNX's Pockets
ORGANIZATION AND MANAGEMENT
NEW YORK—UNX, an independent electronic broker based in Burbank, Calif., fattened its pockets last week with an undisclosed, joint investment from UBS and Goldman Sachs.
Both financial institutions will become minority shareholders in UNX. Will Sterling, U.S. head of direct execution at UBS, and Jim Rogan, managing director at Goldman Sachs, will join the company's board of directors, UNX officials say.
Goldman Sachs and UNX recognize "at this stage that there is an opportunity for a platform that
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