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.
AUTHOR
Andrew Tsanadis
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