UBS has launched a new prime brokerage offering geared specifically to systematic, or quant traders.
Organized as a global joint venture between the firms Prime Services and Direct Execution businesses, UBSs electronic trading business, Quant HQ combines the firms human insight and expertise with technology to provide this customer segment with access to the range of UBS global investment services. The solutions span enterprise consulting, capital formation, market connectivity, co-location, risk management, trade execution and clearing.
UBS will target this specialist segment, which according to data published by the TABB Group, Aite Group and Celent, represents about 30% to 50% of global market liquidity, while continuing to serve institutional buy side and hedge fund clients.
Prime Services offers custody, clearing and settlement, securities lending, swaps, margin financing, and a range of execution and reporting services to the hedge fund client segment.
(JDC)