UBS adopts Orc risk controls for DMA in Asia and US

UBS Securities is to use Orc Group’s electronic execution technology to enhance its direct market access offering in Australia and Chicago.

UBS Securities is to use Orc Group’s electronic execution technology to enhance its direct market access (DMA) offering in Australia and Chicago.

The investment bank will leverage Orc Flow Control to provide low-latency market access with integrated pre-trade risk management on the Australian Stock Exchange (ASX), with the Chicago Mercantile Exchange (CME) to be added soon.

Flow Control features multi-market pre-trade risk controls to help clients meet common regulatory frameworks. A single user interface can be used by brokers to set limits and monitor trading in real-time for all participants in all markets.

Risk limits can be based on theoretical values, enabling firms to control their order flow in a variety of market scenarios.

Anthony Cooper, APAC head of ETD electronic sales at UBS, said, “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. 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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