
UBS executes Bloomberg futures trades
Orders travel over the pre-existing Bloomberg links to exchanges; current exchange members use Bloomberg to trade directly with the electronic facilities of these exchanges, says Andrew Hausman, global manager, futures trading at Bloomberg.
Bloomberg has also agreed to market UBS' clearing services to its customers; reciprocally, UBS is marketing Tradebook as its preferred direct-market-access solution. Bloomberg maintains the software and exchange connections, and a link has been built between Tradebook's data centres and UBS' SwisKey Clearing system. In the event that the trader uses another party for clearing, the give-up process is fully automated, and UBS will see a post-trade report from the exchange, Sparke says.
There is no additional fee for the service to Bloomberg users, who pay monthly for their terminals, but users of the UBS-Bloomberg joint service will pay for any brokerage fees incurred.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Technology
7 days in 60 seconds
Bank capital, margining and the return of FX
The week on Risk.net, December 12–18
Receive this by email