UNX, the US-based universal brokerage firm, has added an intelligent order routeing package and proprietary market data system to its UNX Universal Brokerage platform.
The platform is aimed at overcoming the problems institutions face in the increasingly fragmented US equities markets. The order routeing package, MetaECN, enables traders to execute across all ECNs to which UNX connects, including Island, Instinet and Brut.