UNX Enhances Multi-Broker Platform with Routing to UBS Direct Strategy Access Algorithms

New York, NY – May 23, 2005 – UNX, Inc., the independent institutional brokerage and market structure experts, today announced the availability of UBS Direct Strategy Access (DSA) algorithms through the UNX trading platform. DSA is the first offering among multiple third-party broker algorithms available through UNX.

DSA is a suite of sophisticated strategies, uniting UBS’s liquidity, technology and global reach to help clients achieve superior execution.
UBS's advanced tools predict trading trends by combining historical tick data with real time analysis and highly developed quantitative models with the unique depth of the company’s unrivaled liquidity network. DSA provides clients the speed, flexibility, capacity and reliability essential for electronic trading in today's markets.

UNX is an innovator of customizable trading solutions for institutional investors, addressing the needs of portfolio trading and tactical asset allocation, direct market access with advanced functionality, proprietary algorithmic strategies, rule-based trading, and rich market data.

"The partnership with UNX gives our clients the benefit of additional execution opportunities available through UNX’s single, consolidated platform, and streamlines trading operations and resources," said Will Sterling, Managing Director of UBS. "Clients can select among five algorithms available through the UNX MetaBook® interface and FIX Order
Gateway: In-Line, VWAP, TWAP, PIN (Passive Indication Network), and PRISM (PRice Implementation Shortfall Minimization)."

"UBS’s commitment to quality execution and client service helps us to continue to exceed the buy-side’s expectations for trading efficiency and advanced capabilities," said Randy Abernethy, CEO of UNX. "With DSA through UNX, clients will benefit with added choices that meet their varied trading and business needs."

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