BOSTON â November 1, 2004 â Linedata Services a leading global technology solutions company and provider of LongView Trading announced today a partnership with UBS to deliver order management and execution services to the hedge fund market. This unique offering combines LongView Trading infrastructure with UBSâs prime brokerage services in an ASP model.
"For the first time ever, hedge funds can now enjoy best of breed trading software in a low maintenance environment," said Pascal Xatart, Managing Director, Linedata Services. "Prior to this offering, hedge funds had to choose between paper, spreadsheets or less robust packages that required internal technology support teams to maintain. This joint solution is unprecedented in the marketplace and is certain to change the way hedge funds do business."
"As part of our prime brokerage strategy, we are committed to providing superior services to the hedge fund industry," said Craig Perlman, Managing Director, UBS. "We are excited to be partnering with Linedata Services, the market leading order management system vendor, to jointly offer a true best of breed solution to the hedge fund market."
After announcing LongView ASP earlier this year, this partnership continues the firmâs commitment to outsourced solutions for the front office. Today, Linedata is expanding the offering and furthering its commitment to the asset management community by offering an innovative, best of breed ASP order management solution for the hedge fund market. "We continue to develop and introduce new products and innovative solutions, such as this one, to help investment professionals maximize efficiency and performance," said Jack Wiener, COO, Linedata Services, Inc.