UBS to Join Dark MTF Club
The UBS MTF will execute matched orders at the mid-point match of the issue's primary market and will provide central counterparty (CCP) clearing. UBS will then report the trades via Markit Boat trade reporting utility.
Bank officials say the new business line will operate with its own management and supervision, away from the investment bank's other execution and proprietary trading operations.
The new trading venue joins Nomura International's NX MTF, which the bank originally announced in
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