Swiss bank Sarasin & Co renews Ubix licence
Ubitrade, a leading supplier of advanced system solutions for the finance industry announces that Swiss Bank Sarasin & Co. Ltd, whose headquarters are based in Basel, renewed its initial Ubix license last year.
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Today, Bank Sarasin is one of Switzerland's leading private banking institutions. Its core activities include investment advisory and asset management service for private and institutional clients, as well as an investment fund business.
Bank Sarasin acquired Ubix in 1999 to manage their listed derivative back office activities in Switzerland.
Ubix provides Bank Sarasin with a comprehensive management system for the exchange-traded futures and options on all world financial markets. Ubix uses a relational database and relies on a client/server architecture. The relational technology guarantees accessibility to the data and its protection whilst ensuring an excellent performance.
Laszlo Teleki von Szek, Head of Sales - Europe, Ubitrade, commented: "We have worked successfully with Bank Sarasin in Switzerland over the past years and are proud of the confidence shown to our services by the bank. This deal confirms Ubitrade's leading position in global futures & options processing and demonstrates our ability to retain and satisfy long-standing clients with innovative and up-to-date solutions."