UBS’s Direct Execution division, which provides advanced execution tools and technology, has made a series of enhancements over the past month. On 28 April it added Ireland to the list of markets where it offers automated crossing, taking the total to 16. This follows the addition of Austria, Portugal and Spain in January.
The division has also gone live on NYFIX Euro Millennium dark pool, which was launched on 17 March this year. UBS Direct Execution sent its first order into Euro Millennium on 15 April.
In addition, UBS’s pairs algorithm went live on the Fidessa product suite in April, following its launch on UBS’s own Pinpoint execution management system in February.