UBS Launches Direct Market Access in India

Stephen Harris

29 September 2008

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.