UBS Launches Quant-Focused Services

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UBS is targeting firms operating quantitative strategies by offering advanced technology and linkage between its two primary buy-side businesses.

New area combines services from direct execution and prime brokerage businesses.

UBS has announced the launch of Quant HQ, its business area targeted specifically at quantitative trading clients.

The new service, operated as a joint venture between the bank's Prime Services and Direct Execution divisions, will offer low-latency technology and the range of amenities available through its global Investment Services business.

"Quantitative traders are a highly sophisticated segment of the global securities markets, and a major source of market liquidity," says 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."

UBS, citing figures from TABB Group, Aite and Celent, estimates that systematic traders represent around 30-50 percent of global market liquidity.

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