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UBS launches “Quant HQ”: Solutions for systematic traders

New York | | USA | Media Releases Americas | Investment Bank News

  • Comprehensive global services area organized to serve quantitative trading
    clients
  • Offers range of á la carte services combining human insight and expertise
    with cutting-edge technology
  • Solutions span enterprise consulting, capital formation, market connectivity,
    co-location, risk management, trade execution and clearing

New York, August 20, 2012 –UBS today announced the launch of a new business area called “UBS Quant HQ” focused specifically on the unique requirements of the systematic, or quantitative, trader.

Organized as a global joint venture between the firm’s Prime Services and Direct Execution businesses, Quant HQ combines the firm’s human insight and expertise with cutting-edge technology to provide this specialized customer segment with tailored access to the wide range of UBS global Investment Services.

“We’ve consistently invested in creating a fast, innovative, highly scalable platform,” said Mike Stewart, Global Head of Equities, UBS. “Making that available in combination with our global market access, industry-leading capital position and deep expertise in enterprise formation, the goal of Quant HQ is to deliver a comprehensive set of solutions to quantitative trading clients.”

“Quantitative traders are a highly sophisticated segment of the global securities markets, and a major source of market liquidity,” said Charlie Susi, Global Co-Head of Direct Execution at UBS. “They know precisely what they want from their service providers and have highly specialized needs. With Quant HQ, we’ve organized ourselves to empower them to implement their innovative models and help them quickly seize opportunities for alpha, wherever they trade.”

Despite the fact that systematic traders represent approximately 30% to 50% of global market liquidity *), the majority of large multi-asset investment firms focus their service offering primarily toward large, fundamental long-only strategies. By creating a business area that is dedicated to the needs of quantitative traders, UBS seeks to enhance service delivery to this specialist segment, while continuing to maintain the same high standards for institutional buy side and hedge fund clients.

*) Percent of liquidity varies based on geographic location, estimates taken from data published by The TABB Group, Aite Group and Celent.

 

Background:

UBS Direct Execution is the firm’s global institutional electronic trading business. Direct Execution offers ultra-low latency Direct Market Access (DMA), a suite of award-winning advanced Algorithmic Trading strategies, highly personalized execution consultancy via the firm’s recently-launched Quant on Demand offering, a state-of-the-art analytics platform offering Real-Time TCA called UBS Fusion, and a multi-asset international execution management system called UBS Pinpoint.

UBS Global Prime Services focuses on the rapidly-evolving hedge fund client segment, providing a wide range of expert advice, capital introduction, superb execution and comprehensive access to the world’s capital markets. Prime Services offers custody, clearing and settlement, securities lending, swaps, margin financing, and a range of execution and reporting services.

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Notes to Editors

UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. Its business strategy is centered on its pre-eminent global wealth management businesses and its universal bank in Switzerland. Together with a client-focused Investment Bank and a strong, well-diversified Global Asset Management business, UBS will drive further growth and expand its premier wealth management franchise.

UBS is present in all major financial centers worldwide. It has offices in 57 countries, with about 35% of its employees working in the Americas, 36% in Switzerland, 17% in the rest of Europe, the Middle East and Africa and 12% in Asia Pacific. UBS employs about 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).