UBS has extended its long-term relationship with order and execution management system vendor, TradingScreen, through a global commercial agreement covering all listed asset classes.
The two firms embarked on a partnership 16 years ago, with the very first trade executed via TradingScreen’s platform at UBS in Tokyo.
Chief revenue officer at TradingScreen, Quentin Limouzi, explained: “The trade was initiated from New York: it emphasised then and there how important being global and choosing the right partner was.”
He added the new agreement “reinforces the historical relationship.”
In 2012, UBS extended the reach of PIN-FI, its internal fixed income liquidity platform for institutional buy-side clients, through a partnership with TradingScreen.
TradingScreen’s buy-side clients gained access to streaming liquidity in over 8,000 US dollar and euro denominated corporate bonds issues offered on PIN-FI.
The firm announced the appointment of Pierre Schroeder as its permanent chief executive officer in July last year, following Philippe Buhannic’s suspension a few months prior.
Schroeder served as interim CEO at the trading technology firm following allegations its CEO at the time, Buhannic, had assaulted a member of staff.
Court filings revealed that an internal probe at the company found evidence that Buhannic physically assaulted a worker at the firm’s New York headquarters.