UBS Investment Bank - Direct Execution Global

Direct Market Access

Exchange Terms & Conditions

All users of the UBS DMA service are responsible for ensuring that they are fully aware of, and will comply at all times with, all applicable Exchange Terms and Conditions, and it is their responsibility to check the Exchange Terms and Conditions periodically to ensure they are aware of, and compliant with, the latest Exchange Terms and Conditions.

The Exchange Terms and Conditions are either:

  • set out in Part 1: Specific Exchange Terms and Conditions and Part 3: Korean Short Sale all as may be amended from time to time by UBS where required by applicable laws and regulations; or
  • available on the websites of the applicable Exchanges, links to which we have provided in Part 2: Links to Exchanges. All users of the UBS DMA service acknowledge and agree that it is their responsibility to ensure that they comply with the Terms and Conditions of each Exchange listed in Part 2 and UBS does not warrant or represent that the links provided are correct or up-to-date.

Please note the following in particular:

Crossing and pre-arrangement
Do not pre-arrange trades or deliberately enter trades to cross.

Market abuse
Do not attempt to manipulate prices or mislead the market.

Request for Quotes (RFQ)
Certain markets have an RFQ function. Do not abuse the facility: it should only be used where you intend to trade.

If you see anything unusual or have any questions, then please call your Regional Direct Execution desk . You will speak to a market professional who will be able to talk to the Exchange, explain the state of your order and help you with any follow up actions. This number is staffed 24 hours a day during global market hours.

There are many rules. If you are uncertain, check before you trade.