BETWEEN THE LINES

BETWEEN THE LINES

BRUT GETS NEW FRONT END

Brut is migrating to Universal Market Access (UMA), a new front end from Automated Securities Clearance Ltd. (ASC). The new front end provides Nasdaq Workstation 2 functionality as well as access to the Brut ECN. UMA also provides direct electronic connectivity to over 200 broker/dealers and allows a trader to view market activity and take action in a number of stocks simultaneously. UMA also lets the trader set up lists by sector, industry, activity level or

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DORA stalls over identifier dispute

A disagreement over how to classify third-party tech providers on a reporting form known as the “register of information” has held up preparations for the highly anticipated operational resiliency rule in Europe.

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