Tech awards: Foreign exchange
Best at FX trading
FX Trader remains a popular choice for investors looking to trade FX spot, forward and swaps, for its consistency of pricing but also because of the stability of its system. In 2004, the number of users online rose from 13 000 to 14 000. With such a vast number of transactions, it's little wonder that UBS has invested so much in making its system as robust as possible.
Several features have been installed to service the particular needs of hedge funds. For example, clients making large trades can switch off the automatic email tool that summarizes each transaction and opt for direct straight-through processing. This year, UBS would like to improve its private-client services, mainly through its research and analytics offerings.