UBS Price Improvement Network (PIN)

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The Price Improvement Network (PIN) is a dark pool trading platform operated by UBS. UBS has been operating the PIN platform in the U.S., Europe, Japan and Australia, and in May 2009 announced it will launch the platform in Hong Kong next.[1]

The PIN is aimed at minimizing trading costs for its clients by anonymously matching large stock orders without signaling big orders to the broad market.[2]

UBS is one of a growing list of dark pool operators in Asia.

References

  1. UBS Dark Pool to Launch in Hong Kong. FinanceTech.
  2. UBS launches "dark pool" trading platform in Hong Kong. Reuters.