With this new service, UNX’s customers will be able to utilize UNX’s execution infrastructure while retaining their identity on the street, allowing them to maintain their existing pricing structure with each marketplace. Customers who utilize UNX’s Service Bureau will have the option of designating which Market Participant ID (MPID) to use for each venue – routing either all or part of each order using their own MPID or the UNX MPID.
The services available as a Service Bureau include all of the advanced execution services and algorithmic trading strategies offered on UNX’s Algorithmic Market Access (AMA) platform. UNX’s next-generation AMA technology is an entirely new approach to interacting with today’s fragmented and ever-evolving marketplace that offers advanced tactical execution tools, rules-based synthetic orders and algorithmic trading solutions.
