Girard, Goldman Sachs, Mizuho, Rosenblatt And UBS Integrate With UNX

Brokers equity algorithms and electronic trading services now available through new version of UNXs Catalyst Execution Management System (EMS) UNX LLC, a provider of innovative trading technology solutions, has added five major brokerage firms to its trading connectivity network. This

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Brokers equity algorithms and electronic trading services now available through new version of UNXs Catalyst Execution Management System (EMS)

UNX LLC, a provider of innovative trading technology solutions, has added five major brokerage firms to its trading connectivity network. This follows the release of the latest version of UNXs Catalyst Portal and EMS, which has recently been made available.

Equity algorithms and electronic trading services from Girard Securities, Goldman Sachs Electronic Trading, Mizuho Securities USA, Rosenblatt Securities and UBS Investment Bank are now available through Catalyst. This provides both buy- and sell-side clients with easy access to their choice of destinations through a single portal.

Engineered using the latest .NET technology from Microsoft, Catalysts open technology framework and advanced Software Development Kit (SDK) will allow brokers and clients to directly control the integration and roll out of new services and strategies as they are being developed. Using the SDK, non-UNX developers can add functionality without having to involve the UNX development staff and incurring additional fees.

According to UNX CEO Thomas Kim, this unparalleled flexibility and ability for brokers to develop and integrate their own specific offerings is a key differentiator for Catalyst, boosting its allure to brokers who want to promptly roll out the latest developments directly to clients.

For example, many algorithms supplied by brokers like Goldman Sachs and UBS have seen a surge in demand and are being updated more frequently, says Kim. UNX is excited to work with these market-leading brokers and help them add substantial value to clients by delivering new strategies and proprietary content/services almost immediately.

GSET continues to enhance our algorithms to adapt to market conditions, so making sure the latest strategies, such as Port-X and IS, are available to clients is a top priority, says Rishi Nangalia, managing director and global head of business development at Goldman Sachs Electronic Trading (GSET). We recently joined the UNX broker network and have found that the speed and ease of deployment that Catalyst offers are a distinct advantage.

For UBS Investment Bank, the ability to customize its offerings and add functionality “on the fly” was a significant benefit to integrating its algorithms with Catalyst, according to Charlie Susi, Americas Head of Direct Execution for UBS. Key to our success in algorithmic trading has been our ability to leverage our advanced technology, evolve strategies, bring innovations, and react to marketplace changes quickly and continuously.

D.C.

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