According to the firm, UBS MTF will work alongside the existing UBS Price Improvement Network (UBS PIN) by offering a wider array of liquidity to its members.
The MTF is still awaiting regulatory approval and will be based on a Central Counterparty (CCP) model, which will allow investors to mitigate certain amounts of risk.
Dr Robert Barnes, head of Market Structures at UBS Investment Bank, said: "As we developed the architecture and interactivity model for UBS MTF, we were committed to greater simplicity, lower transaction costs and reduced market impact.
âAs a global bank and one of the top equities trading firms, we aim to leverage our broad and deep market experience to help us to bring innovation, quality liquidity and a unique value proposition to our clients.â
All completed transactions will be reported in real-time to Markit Boat following the trade.
Previously, global investment bank Nomura announced the launch of NX MTF in December 2009, the first broker-owned dark pool MTF of its kind.
By Jim Ottewill