Hyannis Port Research’s (HPR) Riskbot offering, is now available to 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 utilises 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 (pictured), Head of Business Development for Electronic Trading at UBS, says: “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 says: “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 organisations that wish to reduce trading costs and gain alpha through cutting edge technology.”