Asset Management
UBS Launches Direct Market Access in India
UBS has launched Direct Market Access on the National Stock
Exchange of India and the Bombay Stock Exchange.
“The successful launch of DMA on India’s two major exchanges is a
culmination of the rapid development of India’s regulatory regime
and UBS’s substantial and on-going investment into technology for
its clients,” said Ranjit Hosangady, head of Indian Equities.
UBS India DMA, as with all UBS DMA systems, is a zero touch
anonymous trading platform that allows clients to execute orders
entirely electronically so increasing speed of execution.
The Swiss bank says that with a combined daily turnover of $4.3
billion, the National Stock Exchange of India and the Bombay
Stock Exchange are the sixth and eigth largest exchanges in Asia
including Japan respectively, and are becoming increasingly
important to global investors’ share stock portfolios.
