Wells Fargo to Provide Quant Hedge Funds with Revamped Trading Platform

Wells Fargo has partnered with FinTech firm HPR to provide a new-look electronic trading platform for quantitative hedge funds clients. The partnership will see the bank’s quantitative prime services division adopt HPR’s Unimus platform, which will include the use of its ultra-low latency direct market access (DMA) and pre-trade risk management solutions, to provide Wells Fargo’s hedge fund clients with custom trading solutions. The new trading platform is the latest enhancement Wells Fargo has made to its prime brokerage division, such as the roll out of new capabilities to its agency outsourced trading desk, following its launch in June last year.