UBS and the New York Stock Exchange (NYSE) have formed a new strategic partnership connecting UBS customers to NYSE Bonds via the UBS Bond Port, according to a UBS statement.
UBS Bond Port, formerly known as UBS PIN-FI, will grant UBS customers access to a consolidated pool of corporate bond liquidity. The decision to partner with NYSE Bonds is a fairly obvious one, given it exists as the only corporate bond exchange in the United States.
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NYSE Bonds has established itself through its user-friendly features, including real-time, electronic access to live and executable prices with direct marketplace interaction. The platforms limit order functionality has also maintained a streamlined approach with customers who wish to maintain a transparent bond-trading atmosphere in the US.
Following the partnership between the two entities, UBS Bond Port prices will now be fully available on the NYSE Bonds platform, while UBS Bond Port will also disseminate NYSE Bonds’ live and executable prices to its US and European customers respectively. The initiative looks to offer comprehensive clients access to the US credit market to clients across two continents.
According to Kevin Arnold, UBS Head of FX, Rates and Credit- Americas, in a recent statement on the partnership, “This link will help us bring the best possible prices to our clients. 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.”