UBS today announced a partnership with Hyannis Port Research’s (“HPR”) Riskbot® offering, making it available to the clients of UBS Quant HQ, a business area focused specifically on the unique requirements of the systematic, or quantitative, trader. UBS 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.
HPR created “Riskbot®” in response to latency issues plaguing the market. Riskbot® utilizes a Patent Pending “market-aware-firewall” and faster trading infrastructure that provides comprehensive risk management solutions for full portfolio as well as basic pre-trade risk controls, such as those required by the Securities and Exchange Commission’s Market Access Rule (SEC Rule 15c3-5).
Matt Senecal, Head of Business Development for Electronic Trading at UBS, said: “Our open-architecture approach in Quant HQ means we are constantly looking for advanced capabilities that serve our clients’ needs – whether those capabilities reside in-house at UBS or have been developed externally. Rigorous risk management controls are as critical to our clients as they are to an efficient marketplace. We think Riskbot® will offer a powerful solution to our clients who have been seeking effective, extremely fast risk management technology.”
HPR CEO Anthony D. Amicangioli commented: “Our partnership with UBS presents an opportunity for quantitative traders to benefit from HPR's break-through technology combined with UBS's global reach and comprehensive Quant HQ offering. Our nanosecond platform, which went live earlier this month, provides a level playing field for organizations that wish to reduce trading costs and gain alpha through cutting edge technology.”Background: UBS Quant HQ is 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.