In line with its commitment to providing its clients with best-in-class access to the equity markets, UBS, on 29 September, has launched Direct Market Access (DMA) on the National Stock Exchange of India and the Bombay Stock Exchange.

"The successful launch of DMA on India's two major exchanges is a culmination of the rapid development of India's regulatory regime and UBS's substantial and on-going investment into technology for its clients," said Ranjit HOSANGADY, Head of Indian Equities.

UBS India DMA, as with all UBS DMA systems, is a zero touch anonymous trading platform that allows clients to execute orders entirely electronically so increasing speed of execution and ensuring 100% anonymity.

With a combined daily turnover of US$4.3 billion, the National Stock Exchange of India and the Bombay Stock Exchange are the 6th and 8th largest exchanges in Asia including Japan respectively, and are becoming increasingly important to global investors' share stock portfolios.

"Despite the challenges being faced by the global financial industry and the turbulent and volatile market conditions, UBS remains committed to meeting the needs of its clients, providing them with unparalleled access to liquidity, delivering best local market execution, as well as maintaining our leading position in Asia," said Laurent COMBALOT, Head of Client Trading and Execution, Asian Equities.