UBS launches algo trading platform for US equity swaps

UBS has launched a high-capacity algorithmic trading platform for US equity swaps, SwapsDirect, allowing institutional clients to execute US equity swap transactions electronically directly from their execution management or order management systems.
“The entire infrastructure we've built links directly into the client’s OMS or EMS,"according to Ryan Nelson, Americas head of synthetic equity sales in New York. "All US equity swaps can be traded on the platform. Clients can trade single stock equity swaps and they can upload baskets of
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