Swiss investment bank UBS has continued its push into emerging markets by launching its Direct Execution electronic trading suite in Israel. The suite includes direct market access (DMA) and direct strategy access – a combination of DMA and UBS algorithms.
UBS clients now have the ability to directly and electronically access securities listed on the Tel Aviv Stock Exchange. According to UBS, it is one the first broker-dealers to offer its global customer base direct access to the Israeli markets.
Using Direct Execution, UBS clients will be able to send their electronic orders directly to the exchange from their execution management system (EMS) or order management system, including UBS’s own Pinpoint EMS.
“We are very pleased to once again offer the full suite of Direct Execution services on a new market,” said Tim Wildenberg, head of Direct Execution Services, Europe, UBS, in a statement. “By leveraging our local market membership we have been able to maintain the same quality and performance as we move into new regions."??
UBS has already established similar links in emerging markets including Greece, Czech Republic, Hungary and Poland.