The UNX trading platform is a consolidated, multi-broker resource for institutional traders seeking customizable trading solutions. It powers the MetaBookÂ® direct market access (DMA) user interface, an advanced tactics engine which can synthetically apply tactics, such as pegging and discretion, across all electronic and manual destinations to which UNX connects, and a suite of fourteen algorithmic market access (AMA) strategies, including VWAP, MetaPostâ¢ and Stealth, to rapidly analyze market data, manage timing and market impact risks, and make intelligent order handling decisions.
UNX furthers trader efficiency with Equation, a proprietary rule-based trading engine that analyzes the profile of orders based on user-defined criteria. At the foundation of the UNX platform is connectivity across major U.S. equity market centers, including ECNs, ATSs, and national and regional exchanges, and a proprietary market data system, FLEXStreamÂ®, which provides rich order book information critical for trading decisions.
"Our clients are under constant pressure to achieve best execution," said Stephen Alepa, EVP at Macgregor. "UNXâs advanced trading algorithms and tactics provide our buy-side clients with a highly sophisticated and customizable trading solution that combines full depth of book with specialized trading strategies, and a tactics and execution system that is among the best in the industry."
"As a strategic partner, Macgregor has helped us to get our DMA and algorithmic solutions to market faster and to gain critical mass," said Randy Abernethy, CEO of UNX. "We strive to provide our institutional clients with highly integrated solutions and work with firms like Macgregor to provide strategic STP trading capabilities that can reduce market impact and opportunity costs."