Lab49 is pleased to announce its involvement as a partner in the development of the UBS Neo platform
A press release issued by UBS on Monday revealed they are working with Lab49 on their next generation single bank platform. We mentioned in a posting earlier today how British financial services companies are committed to investment in technology. Lab49 is a strategy, design and technology consulting firm that creates advanced solutions for the world’s leading investment banks, asset managers and exchanges. This is a clear example of UBS heating up technological competition to win the electronic trading battle.
UBS Neo integrates all asset classes into one platform, including FX, covering the full lifecycle of trading. Today’s post by Andrew Saks-McLeod, Managing Editor of LeapRate noted that there are still a large number of trading desks within banks that consider the single-dealer platform as a necessity. We see a big investment being made on advances in next-gen single bank dealer platforms to harness the power of each individual organization and to further streamline the investing and trading processes.
“We engaged Lab49 on the UBS Neo initiative based on their track record of quality and experience of working on complex enterprise programs with the most demanding of timelines,” said Hishaam Caramanli, Managing Director at UBS. “Lab49’s expertise in the area of advanced web technologies contributed to us delivering a truly revolutionary platform”, he added.
UBS Neo is a new, integrated way of accessing the full cross asset value of UBS’s Investment Bank; its people, content, trading and post trade services all in one place.
“We believe that UBS Neo’s focus on providing differentiated intellectual capital to its clients in a seamless, social platform represents the next generation in bank platforms. We are proud to have worked with UBS on the delivery of Neo,” said Luke Flemmer, CEO of Lab49.
Read more about UBS Neo and SDP’s in a report issued by GreySpark, a Capital Markets consultancy headquartered in London: Digital Investment Banking: Beyond Single-Dealer Platforms.