UBS Expands Next-Based Derivatives Platform In New York, As Vendors Hold Breath On RFP
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As Union Bank of Switzerland in New York idles over responses to a request for proposal for a 500-position trading room installation, the bank's securities division has enlarged its commitment to a small NeXT Computer Inc.-based system now in use at its equity derivatives trading group in New York.
According to UBS Securities vice president Hadar Pedhazur who manages the equity derivatives group's technology worldwide, it's "unlikely" that the NeXT system will be adopted across the board in New
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