FX people moves: Father of Matrix goes to UBS

The current UBS FX Trader Plus View screenshot (will open in a new window)

Source: UBS FX Trader Plus User guide November 2009

The ‘father’ of Morgan Stanley’s Matrix has gone to UBS where he is now co-head of FICC e-commerce and is overseeing its new cross-product trading platform, UBS Trader Plus.

Hishaam Mufti-Bey Caramanli, who was global head for client-facing technology at Morgan Stanley until the end of February this year, was the founder of Matrix.

Further to our article (Morgan Stanley hopes for Matrix revolution), the weeklyFiX heard that Morgan Stanley is looking to roll out Matrix globally “from the end of April or May.”

This could clash significantly with the new version of UBS FX Trader Plus, planned to roll out from May onwards. Clients will have access to features including interest rate swaps and bond trading.

Caramanli reports to Roberto Hoornweg, global head of securities distribution, and Ruwan Weerasekera, COO securities.