Linedata Services has joined forces with the prime brokerage group at UBS to provide US hedge fund clients of the Swiss bank with order management and execution services on an ASP basis. The new service will use the LongView Trading application owned by LineData.
“For the first time ever, hedge funds can now enjoy best of breed trading software in a low maintenance environment,” says Pascal Xatart, Managing Director, Linedata Services. “Prior to this offering, hedge funds had to choose between paper, spreadsheets or less robust packages that required internal technology support teams to maintain. This joint solution is unprecedented in the marketplace and is certain to change the way hedge funds do business.”
LongView was made available on an ASP earlier this year. “We continue to develop and introduce new products and innovative solutions, such as this one, to help investment professionals maximize efficiency and performance,” said Jack Wiener, COO, Linedata Services, Inc.
“As part of our prime brokerage strategy, we are committed to providing superior services to the hedge fund industry,” adds Craig Perlman, Managing Director, UBS. “We are excited to be partnering with Linedata Services, the market leading order management system vendor, to jointly offer a true best of breed solution to the hedge fund market.”