UBS signs for Reuters mobile market data system

UBS signs for Reuters mobile market data system

Swiss banking group UBS has signed up to the Reuters Wireless Delivery System (RWDS) which it will use to provide 2500 employees with news and real-time market data over their BlackBerry devices.

The new service will be distributed throughout UBS' investment banking division globally and will allow end users to receive personalised alerts, charts and UBS internal rates.

Reuters says the product has been developed in association with Tech OP, a Swiss-based IT solutions provider for banks.

Peter Healey, MD and COO, FX/cash and collateral trading, UBS, comments: "Our workforce is increasingly mobile and often needs to cover markets outside of normal opening hours. It also needs to have reliable and comprehensive data with maximum availability. I am convinced that Reuters news and market data via BlackBerry will be a valuable asset."

Peter Moss, global head of enterprise solutions at Reuters, adds: "In a world where financial service professionals are no longer tied to their desks there is a growing need for mobile solutions. In response, Reuters has extended its open data management system to users on the move, giving them access to real-time information from multiple sources."

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