Home > Articles > Volume 19 (2001) > Chapter 14 (Quick Scans and Product Reviews 2001) > V. 19:14 Sept (96-98): Product Review: UNX by John Sweeney

V. 19:14 Sept (96-98): Product Review: UNX by John Sweeney

V. 19:14 Sept (96-98): Product Review: UNX by John Sweeney
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Product Review: UNX by John Sweeney

Getting off a trade of 50 to 500 (or more) securities can be a tedious job if it’s not automated. Two developments have made things easier: electronic communication networks (ECNs) and trading software designed to facilitate the process. UNX is the latter exploiting the former. The combination is designed to reduce trading costs by several cents per share using its order-routing system and to complete complex executions in less than a minute.




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