Patersons scores fully-integrated global equity markets capability
Patersons Securities Limited has announced that UBS Platform Solutions Group has developed the first fully integrated global equities trading and investment administration capability.
The capability will provide Patersons with real-time trading access to global markets, utilising UBS's global trading infrastructure and capabilities, including access to algorithmic trading and multi-market execution, the financial services firm stated.
"The process will follow Patersons normal domestic order capture process, which will then route the trade to UBS who will submit the trade to market," said Patersons executive chairman Michael Manford.
Leveraging UBS's investment platform EquityLink, Patersons will also be provided with settlement and investment administration.
In addition to its arrangement with UBS, Patersons stated that it has entered into a new custodial service arrangement with RBC Dexia Investor Services, a company that has worked closely with UBS in relation to trading, settlement, custody and administration design and implementation.
"Together, we have developed seamless connectivity between Patersons, UBS and RBC Dexia that will result in a fully automated trade execution and investments administration solution for our clients," Manford said.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
