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TradingScreen integrates with UBS PIN-FI

First Published 24th January 2012

TradingScreen provides full integration to UBS PIN fixed income liquidity for USD and EUR-denominated corporate bonds

TradingScreen Inc., the provider of multi-asset class execution management systems (EMS) and order management system (OMS) to the buy side, has announced availability of the streaming liquidity of UBS Price Improvement Network - Fixed Income (PIN-FI). TradingScreen buy-side users can now access over 8,000 corporate names in USD and EUR actively priced on the UBS Price Improvement Network (UBS PIN), which collates open inquiries from institutional buy-side clients and provides an alternative source of fixed income liquidity.

The deal aims to increase the depth and breadth of investment-grade and high-yield corporates available to TradingScreen clients. UBS PIN-FI also gives TradingScreen users access to a fully anonymous, client-driven source of liquidity.

"We are pleased to welcome UBS, one of the world's leading financial firms, as a major liquidity partner for our fixed income offering," said Jean-Philippe Malé, Head of OTC Products, TradingScreen. "We share with UBS a strong commitment to provide greater liquidity and streaming capability to our buy side fixed income users. The combination of the leading EMS and the top source of liquidity offer the perfect solution to the sophisticated fixed income participants."

Gonzague du Couëdic, Head of Trading & Advisory at BanquePrivée Espirito Santo SA, declared he welcomes this new bond order management capability that represents in his opinion one of the very first visible steps in a rapidly changing fixed income market, allowing his team to enhance the best execution duties owed to clients. Gonzague also said that he will welcome all new initiatives that will make the market move towards real "price discovery" and allow his trading team to analyse realistic pricing in a more transparent market, as well as making his bank's interests known to the whole investment community.

"Partnering with industry leader TradingScreen is an important part of UBS' strategy for expanding its reach across multiple asset classes," said Stu Taylor, Managing Director & Head of UBS Matched Principal Trading, Fixed Income. "TradingScreen's global presence and leading position in the EMS space allows us to extend our reach to a broad distribution network, with easy access to more than 1,700 clients, and more than 5,000 users around the world."