UBS Deploys FlexTrade OMS for Outsourced Trading Desk

UBS has partnered with FlexTrade to integrate the trading technology provider’s order management system into its outsourced trading desk. According to a story in The TRADE news, FlexTrade’s open technology stack will be integrated with the global UBS Execution Hub’s own proprietary automation technology through the partnership to provide an improved execution service by routing orders to liquidity providers. The Swiss bank confirmed in May that it would launch a new outsourced cross-asset execution hub aimed at cutting costs and taking the pressure off of hedge funds and asset managers in the US.