[ A L G O R I T H M I C T R A D I N G S U R V E Y ]
UBS
UBS achieved an overall average score of 6.04 in this year’ s survey, a strong improvement from 2024 with an increase of 35 basis points and landing 14 basis points above the survey average of 5.90. The broker recorded a strong increase across all categories in 2025, with the two largest yearon-year upticks being algo monitoring(+ 0.77) and price improvement(+ 0.52). The broker ' s highest scores were recorded in key categories such as increase trader productivity( 6.18), execution consistency( 6.17) and ease of use( 6.15).
When compared across the survey benchmarks, UBS outperforms the category average in 13 of the 15 areas under review, most notably in customisation(+ 0.38) and price improvement(+ 0.26), the latter representing the second highest score achieved in this category. Just two service areas land short of the benchmarks – order routing logic or analysis(-0.05) and dark pool access(-0.04)- albeit marginally.
This year, UBS received 48 responses from hedge fund managers and firms using hedge fund strategies- up from 43 in 2024- which ranks the broker fifth in terms of submission numbers. In terms of AUM, around 31 % of responding clients manage $ 50 billion or more in assets. The UK( 33 %) and Europe( 33 %) collectively represented 66 % of the respondents, with the remainder split across North America( 15 %), APAC( 17 %) and rest of the world( 2 %). The most commonly used performance measurement metrics were VWAP TCA, implementation shortfall TCA and liquidity capture. Lastly, just 10 % of respondents stated they were looking to make use of additional algo providers over the next 12 months.
Sample feedback from respondents included the following:
• Great service and performance
• Great team coverage from US / sales team and very good structure research team
• Access to better pair trading algo
UBS RATINGS FOR ALGORITHMIC PERFORMANCE
Increase trader productivity |
Reduce market impact |
Execution consistency |
Cost Speed Anonymity |
Price improvement |
Customisation |
Ease of use |
6.18 6.08 6.17 6.03 6.03 6.10 6.12 6.12 6.15
Order routing logic / analysis |
Customer support |
Execution consulting |
Dark pool access |
Flexibility / sophistication of SOR |
Algo monitoring |
Average score |
5.63 6.09 5.88 5.86 6.11 6.07 6.04
KEY STATS Overall Outperformer: Category Outperformer: X13
6.18 Highest score( Increase trader productivity) |
5.63
Lowest score( Order routing logic / analysis
|
0.77
Most improved( Algo monitoring)
|
0.12 Least improved( Ease of use) |
)
Issue 84 // thetradenews. com // 79