'Peculiar Sale' UBS Deploys Market Trader But May Have To Adopt CSS-Based System

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It appears that the Tokyo arm of UBS Securities has closed the books on an arduous, 10-month-long, third-party systems evaluation and selection process for an equity order-management and routing system. But maybe not.

Although the Tokyo office is deploying Market Trader from Midas Kapiti International (MKI), the Japanese subsidiary may find itself with a short-term solution, a source says. The Tokyo office may eventually adopt a customized order-routing and management system that is being

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