The Cross-Asset Race Has Begun

BEFORE THE SPIN

The last time I focused on cross-asset trading, I turned my attentions to HSBC and its pioneering efforts to radically revamp its global electronic equities trading platform (DWT, May 23). I ended that column with a speculation that many more firms are gearing up for the cross-asset races to come. I was right. I can safely say that the list of sell-side firms embracing cross-asset trading is growing.

Earlier this month, we chronicled the fact that UBS is in the final stages of testing a cross

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