UBS’s new app for creating client algorithms on an iPad has been launched in Asia-Pacific.
The UBS Quant on Demand app from the Swiss bank’s Execution Consulting Platform features a rapid algorithmic design tool called ‘UBS Quant on Demand Studio’ and lets buy-siders design their own advanced algorithms which can be deployed quickly.
Already available in Europe, the Middle East, Africa and the US, all strategies are tailored to local market structures and tested for execution quality by quantitative strategists.
The idea is to make scalable quantitative capabilities available to the buy-side by effectively providing a mobile platform from which clients can collaborate with the UBS algorithmic trading team in the rapid design, simulation and development of execution strategies for trading in the securities markets.
UBS’s algorithmic trading team helps clients design, build and customise strategies to fit their workflow, market view and objectives.
“The tool has been tremendously successful in other regions and we are excited to roll it out to clients trading in Asia-Pacific,” said Sanji Shivalingam, Asia-Pacific head of UBS algo and analytics. “Its primary aim is to innovate the process of product development and execution consulting – making the platform far more client-centric, flexible and immediate.”
Traditional customised algorithmic development often took weeks, consuming significant resources. This has often led to clients and brokers building strategies that may not have broad, long-term applications. With the UBS Quant on Demand iPad app, Shivalingam said development is now often possible in a matter of days.
The app is proprietary to UBS and is not available at the Apple App Store.