Any firm, meeting the eligibility criteria of the UBS MTF Rulebook, can apply to access the UBS MTF trading platform. There is no membership fee to access UBS MTF. Firms need to satisfy the membership eligibility criteria as set out in the UBS MTF Rulebook and comply with continuing obligations detailed within the Rulebook.
The dark order book is a 100 percent non-displayed liquidity pool; there is no pre-trade signaling risk or display of any kind. In the Periodic Auction book, only the auction price and auction volume are published from the start of the auction. Executions completed in both Order Books are reported in real time to the Cboe Trade Reporting facility.
UBS MTF participants must be a member (GCM, ICM or NCM using a GCM) of one of the Central Clearing Counterparties (CCP) selected by UBS MTF. UBS MTF currently offers clearing via SIX x-clear, EuroCCP and LCH.Clearnet. UBS MTF supports the choice of CCP at market level and the settlement cycle mirrors the settlement cycle of the primary market.
UBS MTF covers trading in equities from the following markets : Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom. We also offer trading in Depository Receipts and Exchange Traded Funds in these countries.
For a current list of instruments traded within UBS MTF, please see our Reference Data page.
UBS MTF typically observes the market practice for open business days and trading hours. UBS MTF trading hours cover the continuous trading hours of the primary markets and where a primary local market is closed on a business day or will not trade a particular stock, the UBS MTF will be closed for that market or will not trade the instrument.
The UBS MTF Supervision and Support staff are available between 07.30 and 17.30 UK time.