SunGard today announced that UBS O'Connor LLC, part of UBS Global Asset Management's Alternative and Quantitative Investments group, has selected SunGard's FRONT ARENA, a real-time, integrated cross-asset trading platform.
FRONT ARENA will provide UBS O'Connor with strategy-specific functionality to help it to enhance its ability to manage its numerous investment capabilities across asset classes in a single environment. FRONT ARENA provides packaged trading functionality with integrated workflows across trade capture and modeling, pricing, position keeping, P&L and risk analytics. Because of the extensibility of the platform, UBS O'Connor will be able to modify user interfaces, analytics and workflow, or plug in proprietary models. FRONT ARENA will also seamlessly integrate with UBS O'Connor's internal systems, data providers, prime brokers and fund administrators.
"We selected SunGard's FRONT ARENA primarily for its cross-asset strength," said Nick Vagra, chief operating officer, UBS Alternative and Quantitative Investments. "The FRONT ARENA technology platform is scalable, helping to enable rapid time-to-market for new products as well as the ability to quickly adapt to new industry practices. SunGard's can-do approach was also a determining factor in our selection of the solution; the vendor has an exemplary implementation track record and we look forward to migrating existing UBS O'Connor systems onto FRONT ARENA, with minimal disruption to the business."
Rob Mackay, managing director, SunGard's FRONT ARENA business unit, said, "UBS O'Connor's adoption of FRONT ARENA is an endorsement of the solution's value to the hedge fund community. UBS O'Connor is a large, complex, multi-strategy shop that trades everything. FRONT ARENA will help meet the needs of such an operation, providing the cross-asset support, scalability for growth, unified risk and real-time P&L that it requires."