SunGard (http://www.sungard.com) today announced a new agreement with UBS Investment Bank.
Customers of SunGard's Decalog order management system (OMS) can now access UBS Direct Strategy Access (UBS-DSA), UBS's algorithmic trading product. Decalog (http://sungard.com/decalog) provides portfolio and trade order management functionalities, helps streamline investment workflow and helps traders achieve best execution on local and cross-border trading operations.
UBS-DSA is a global suite of strategies uniting technology, performance and global reach to help clients achieve best execution. Algorithmic trading has become essential in the electronic equity trading environment.
"We are pleased by this agreement which will help Decalog users to access the UBSDSA suite of tools," commented Tim Wildenberg, managing director, head of European Direct Execution at UBS Investment Bank. "Our advanced algorithmic tools predict trading trends by combining historical tick data with real-time analysis and highly developed quantitative models with the unique depth of our unrivalled liquidity network. We will continue to enhance our current offerings and provide more client customisation"
Eyal Yaron, vice-president at SunGard's Decalog business unit, added: "We are pleased to add UBS-DSA algorithmic trading offerings to our suite of connectivity and best executions solutions. Through this agreement, our customers will have access to some of the most advanced trading tools available.
"UBS-DSA algorithmic trading strategies are embedded within the Decalog 5.0 Trading Blotter that combines order routing details with the algorithm's unique parameters. Our customers are able then to receive new and custom algorithms directly to their trading blotter helping them to use new trading strategies as soon as they are published by UBS."
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UBS is a leading financial firm, combining financial strength with a reputation for innovation and a global culture that embraces change. UBS is one of the world's largest wealth managers, a premier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is a market leader in retail and commercial banking. Headquartered in Zurich and Basel, UBS employs over 68 000 people, and has operations in over 50 countries and in all major financial centres. Please visit: www.ubs.com
Decalog
A front- and middle-office solution for investment management activities at global asset management firms, Decalog provides portfolio management, performance analysis, compliance, trading and order management.
SunGard
With annual revenues of $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25 000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.
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