(HT to @CoffeyGrinds for the tip) How is this headline for evidence HF trading may not be going anywhere soon, despite Mary Schapiro's coming equity market overhaul. Mantara is known best for their portfolio risk management systems and low latency market access. With UBS being the bank doing the injecting, i believe their must be some sort of value in this space. Or UBS could be flat wrong but i doubt it, one could argue we have more HF trading antics to come. This means victory for the bulls? Lets hope not..
(United Business Media writes) Mantara, Inc., a provider of advanced technology solutions for high-frequency trading, today announced that UBS Investment Bank has made a strategic equity investment in the firm.
Charlie Susi, Head of Direct Execution – Americas for UBS, said: "As we examined the landscape of low-latency trading and risk management technology solutions, Mantara stands out as a fully-integrated, multi-broker, multi-asset system built from the ground up with state-of-the-art capabilities and a smart co-location footprint. We think this relationship will help us to deliver even greater benefits to our latency-sensitive clients."
Michael Chin, Mantara's newly-appointed CEO, stated, "UBS has a reputation for technological excellence, client service and innovative trading capabilities. We're very pleased to have them join us as a strategic equity partner. We think the inherent synergies are exciting, and look forward to working with them as we further develop our next-generation client solutions."Key phrase highlighted above.... in other words they are really good at hiding bullshit and manipulating multiple markets and asset classes all at once. Great.