Daiwa invests in Ubitrade STP system for derivatives
Daiwa Securities has agreed a deal with French solutions provider Ubitrade to install a straight-through-processing (STP) system for derivatives in its London office.
Daiwa Securities is a member of the London derivatives exchange, Liffe, as well as Eurex, the European derivatives exchange. Didier Bouillard, Ubitrade chief executive, said he hopes the deal will encourage other Liffe and Eurex members to buy the product. “We are hopeful this deal will incentivise other Liffe and Eurex members to review their current arrangements and demand a product that fully meets their needs. A strong and reliable back office package is necessary to successfully support and develop our clients’ activities,” he said.
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