Swiss bank UBS is teaming with French financial IT vendor Linedata Services to deliver hosted order management and execution services to hedge funds.
Linedata says the ASP service combines its order management technology, LongView Trading, with prime brokerage services from UBS.
Pascal Xatart, MD, Linedata Services, says the service will enable hedge funds to replace paper and spreadsheet-based systems and to use the Longview Trading software in a low maintenance environment.
Linedata released an ASP-based version of its LongView order management system in April this year.