UBS iPad app helps users create algos faster
A new iPad app developed by UBS will dramatically
cut down the time to market for new algorithms,
according to Owain Self, global head of algorithmic trading at UBS.
Called UBS QUOD Studio, the new app is an algorithmic
trading tool designed to help UBS' algo team
collaborate with clients to design and develop trading strategies.
“This iPad app is a major advance for us,” says Self. “It
allows us to build solutions with the client, on the spot. It is a hands-on,
interactive solution that engages with clients more effectively than a paper
presentation ever could.”
The key point of the new app is its speed, together with its
ease of use. Whereas a traditional customised algorithm might take weeks to
build, requiring quantitative analysts and developers to code thousands of
lines of commands and carry out weeks of testing and adjustments, the new app
has been built to cut the process down to just 24 hours.
The offering also allows traders to simulate
performance of algorithms before they build them, so users can try what-if
scenarios to test how the outcomes may change when various components and
triggers are changed.
Initially available in the Americas, Europe, the Middle East
and Africa, UBS QUOD Studio is the first release in the firm’s Quant on Demand
family of tools. It will be rolled out to the Asia-Pacific region later this