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UBS Launches Real-Time Transaction Cost Analysis
The global Equities business of UBS (NYSE: UBS) today announced the launch of real-time Transaction Cost Analysis (TCA), which is now available via UBS Fusion, the firm's trading analytics platform. Real-time TCA enables US clients to have continuous real-time analytics for their orders.
Post-trade analysis was previously sent to clients at the end of the trading session, day or month to help evaluate an algorithmic trading strategy's effectiveness. With the introduction of real-time execution and cost analysis, clients will have the opportunity to apply that information while there is still time to affect the order's outcome. UBS Fusion's real-time analytics continuously update while the orders are live - allowing clients to monitor how orders are performing across all venues, including the Exchanges, alternative markets and dark pools.
"Traditional post-trade analysis tools were not well integrated into most clients' daily workflow and so could not add optimal value to trading decisions," said Will Sterling, Global Head of Direct Execution at UBS. "Providing clients with real-time trade analysis will give them live, continuously updated information while orders are still active, enabling them to adjust their orders in the pursuit of better execution."
Available initially to clients based in the US, real-time TCA will be made available to global UBS clients later this year. UBS Fusion's platform of tools also includes pre-trade transaction cost analysis for single stock and portfolio trading, a suite of in-market tools including trading Alerts, and a wide array of downloadable reports and analysis tools.
UBS Direct Execution is the firm's global institutional electronic trading business. In addition to UBS Fusion, Direct Execution offers Direct Market Access (DMA), a suite of advanced Algorithmic Trading strategies, and an execution management system called UBS Pinpoint.
UBS is one of the world's leading financial firms, serving a discerning international client base. Its business, global in scale, is focused on growth. As an integrated firm, UBS creates added value for clients by drawing on the combined resources and expertise of all its businesses.
UBS is the leading global wealth manager, a leading global investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking.
UBS is present in all major financial centers worldwide. It has offices in 50 countries, with about 38% of its employees working in the Americas, 33% in Switzerland, 16% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 80,000 people around the world. Its shares are listed on the Swiss Stock Exchange (SWX), the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).
Doug Morris +1-212-882-5694
New York , September 11, 2008