The FINANCIAL -- UBS
announced the launch of a new business area called “UBS Quant HQ”
focused specifically on the unique requirements of the systematic, or
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.”
As UBS reported, 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.