UBS PIN CDS platform named ‘2012 Electronic Trading Platform of the Year’


UBS’s recently launched Price Improvement Network (PIN) for trading Credit Default Swaps (CDS) has been named 2012 Electronic Trading Platform of the Year by Derivatives Intelligence.

Single-dealer platforms were assessed in terms of multi-asset product offering, connectivity, execution and usability. The performance of the platforms were judged by end users, including private banks and wealth managers.

The PIN-FI interface

Other platforms considered were:
Autobahn – Deutsche Bank
BARX FI – Barclays Capital (built using Caplin Trader)
MarketDirect – Royal Bank of Scotland (built on the Caplin Platform)
Matrix – Morgan Stanley

The technology behind the PIN platform, was developed by US firm InterDealer Trading Solutions.

3 Responses

  1. [...] follows similar crossing style networks launched by other bank (and non-bank) firms including: UBS (PIN for CDS), Goldman’s GSessions, BlackRock’s Aladdin Trading Network, StateStreet’s existing [...]

  2. [...] will use their Price Improvement Network (PIN) to route client orders through to TrueEX, which registered with the CFTC as a Designated Contract [...]

  3. [...] clients are trading on UBS Pin-FI, where clients can trade with each other, with UBS acting as the neutral matched principal (like [...]

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