About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Lab49 Describes Development of UBS Neo Cross-Asset Platform

Subscribe to our newsletter

Lab49, a strategy, design and software development consultancy working with investment banks, asset managers and exchanges, has detailed its involvement in the creation of UBS’s Neo cross-asset platform, which is designed to provide access to all UBS Investment Bank products and services, and includes social web technologies and mobile access.

The consultancy’s involvement as a developer of software for the web-based single dealer platform started in 2010, before a soft launch of the platform in the second half of last year. It is now in production and claims 3,000 client users across 1,000 firms. The platform was built by UBS, Lab49 and a third party search provider as a framework, allowing new and evolving technologies such as HTML5 to be incorporated, as well as changes in financial markets.

Hishaam Caramanli, managing director at UBS, says: “We engaged Lab49 on the UBS Neo initiative based on its track record of quality and experience of working on complex enterprise programmes with the most demanding of timelines. The company’s expertise in advanced web technologies contributed to us delivering a truly revolutionary platform.”

The Neo platform unifies UBS offerings that were previously delivered through a number of digital channels and provides a single entry point to the bank’s services including its people, insights, research, execution and post-trade services. UBS describes the platform as ground breaking in terms of its unified cross-asset platform spanning equities, prime services, credit, rates and foreign exchange; its availability to internal UBS staff as well as external clients; and its new business models, such as fixed income agency trading. The platform includes social media functions such as follow, share and connect, and it can be downloaded as an app for the Apple iPhone and iPad from iTunes and synchronised for mobile and desktop use.

Luke Flemmer, CEO of Lab49, says: “We believe UBS Neo’s focus on providing differentiated intellectual capital to its clients in a seamless, social platform represents the next generation of digital bank platforms. Neo brings together a rich selection of cross-asset products, pre- and post-trade functionality, innovative search capabilities with context sensitivity and a technology focus that goes beyond that of other platforms. Along with its overall scale and responsiveness, all these aspects of the platform raise the bar on what clients can expect.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Smart Trader Desktops: Placing UX at the front and centre of the trading workflow

Trading strategy is in place, the technology stack is optimised and the trading team is highly skilled – but what about the user experience? Whatever the stack, the desktop, the trading apps and their functionality, a trading platform is only as good as its user interface (UI) and user experience (UX). This webinar will review...

BLOG

How TS Imagine is Unlocking the Power of Data with AI and Snowflake

Exclusive Q&A with Thomas Bodenski, Chief Operating Officer, TS Imagine. From trading strategies to risk management and client interactions, financial institutions are continuously exploring how AI can enhance their businesses. Yet despite the hype and noise, many real-world use cases are still more promise than practice. Firms often face challenges in operationalising AI at scale,...

EVENT

TradingTech Summit MENA

The inaugural TradingTech Summit MENA takes place in November and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions in the region.

GUIDE

Institutional Digital Assets Handbook 2024

Despite the setback of the FTX collapse, institutional interest in digital assets has grown markedly in the past 12 months, with firms of all sizes now acknowledging participation in some form. While as recently as a year ago, institutional trading firms were taking a cautious stance toward their use, the acceptance of tokenisation, stablecoins, and...