UBS and NYSE Bonds Announce Strategic Relationship
May 18 2015 - 7:30AM
Business Wire
UBS Bond Port connects with NYSE Bonds to give customers
access to corporate bond liquidity
UBS and the New York Stock Exchange today announced a new
strategic relationship whereby UBS customers can connect to NYSE
Bonds through the UBS Bond Port (formerly named UBS PIN-FI) to
access a centralized pool of corporate bond liquidity.
NYSE Bonds is the only corporate bond exchange in the U.S. and
offers customers real-time, electronic access to live and
executable prices with direct interaction with the marketplace
through limit order functionality. Orders are executed on a strict
price/time priority, helping customers establish best execution in
an open, transparent trading environment.
With this new relationship, UBS Bond Port prices will now be
available on the NYSE Bonds platform, and UBS Bond Port will also
distribute NYSE Bonds’ live and executable prices to its U.S. and
European customers, giving them seamless access to the U.S. credit
market.
“This link will help us bring the best possible prices to our
clients,” said Kevin Arnold, UBS Head of FX, Rates and Credit-
Americas. “And it takes bond market access to a new level, allowing
clients access to global liquidity, 24-hours-a-day trading and the
ability to distribute NYSE Bonds prices around the world.”
“The addition of UBS Bond Port to the NYSE Bonds platform offers
bond market participants access to a unique pool of liquidity in
the U.S. corporate bond market, where live, executable prices are
displayed electronically in a transparent environment,” said Steve
Crutchfield, NYSE Group Vice President and Head of NYSE Bonds,
Options and ETPs.
About UBS Bond Port:
Built on the decades of experience UBS has in the Fixed Income
markets and our commitment to innovation and market efficiency, UBS
Bond Port (formerly known as UBS PIN-FI) provides our clients with
UBS liquidity and liquidity from other third-party venues. When
quotes interact with UBS Bond Port they will be kept strictly
anonymous and users have the opportunity for price improvement by
sending quotes inside the bid/ask spread or at a target level they
choose.
About UBS
UBS draws on its 150-year heritage to serve Private,
Institutional and Corporate Clients Worldwide, as well as Retail
Clients in Switzerland. Its Business Strategy is centered on its
pre-eminent Global Wealth Management Businesses and its universal
bank in Switzerland. Together with a client-focused Investment Bank
and a strong, well-diversified Global Asset Management Business,
UBS will drive further growth and expand its Premier Wealth
Management franchise.
UBS is present in all major Financial Centers Worldwide. It has
offices in 57 countries, with around 35% of employees working in
the Americas, 36% in Switzerland, 17% in the rest of Europe, the
Middle East and Africa and 12% in Asia Pacific. UBS employs around
65,000 people around the world. Its shares are listed on the SIX
Swiss Exchange and the New York Stock Exchange (NYSE).
About NYSE Group
NYSE Group is a wholly-owned subsidiary of Intercontinental
Exchange (NYSE:ICE), operator of the leading global network of
exchanges and clearing houses. NYSE Group operates multi-asset
exchanges, and a range of related data products and technology
services. The company’s equity exchanges - the New York Stock
Exchange, NYSE MKT and NYSE Arca - trade more U.S. equity volume
than any other exchange group. NYSE is the global leader in capital
raising for listed companies, including the majority of technology
IPOs globally since 2012. The company’s equity options markets,
NYSE Arca Options and NYSE Amex Options offer complementary market
models. NYSE Group also provides comprehensive global connectivity
services and a range of market data products to support efficient,
transparent markets.
www.ubs.com/media
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version on businesswire.com: http://www.businesswire.com/news/home/20150518005437/en/
UBSMegan Stinson,
212-713-1302megan.stinson@ubs.comorNew York Stock
ExchangeSara Rich, 212-656-4527sara.rich@nyse.com
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