Ullink launches multi-asset one-stop-shop
Electronic trading and connectivity provider, Ullink, has announced the launch of its new Managed Connectivity Service. The fully hosted service aims to be a one-stop-shop multi-asset class solution for both the buy-side and the sell-side, offering strong monitoring tools, risk management, on-boarding tools and﻿ inbound client connectivity alongside trading and order routing functions. Earlier this month, as reporting in our briefings, Ullink announced partnerships with LiquidMetrix, to offer enhanced post-trade analytics and reporting, and Tradegate Exchange.

Ullink, a provider of electronic trading and connectivity solutions to the financial services industry, has launched its Managed Connectivity Service (UL MCS), according to an Ullink statement.

The UL MCS is a fully hosted service that caters to both buy-side and sell-side firms, offering a consolidated solution for its multi asset class connectivity requirements. Ullink’s new service includes FIX enabled capabilities, managed market access to global Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term venues and brokers, and stronger monitoring and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term measures.

Relative to brokers utilizing the service, UL MCS will be supporting on-boarding and management of inbound client connectivity through direct connections and integration with Ullink’s NYFIX hub and other buy-side order routing networks. The group has launched UL MCS with the hope of removing much of the need for in-house technology and support, ultimately reducing the total cost of ownership.

According to Darren Newby, Director of Connectivity Solutions at Ullink, in a recent statement on the UL MCS launch, “Cost pressures and regulatory requirements are focusing firms on outsourcing commoditised services, but connectivity is business critical and difficult to outsource completely. UL MCS allows firms to realise the cost savings of outsourcing connectivity, as well as benefiting from the latest technology, whilst providing remote management tools to stay in control.”

“We have helped our customers with their connectivity requirements for years but recently they have been asking us to do more. New requirements, such as the need to capture and reconcile broker and exchange drop copies with internal trading logs, are placing stress on internal systems and resources. UL MCS provides such services in a modular fashion, giving customers the agility they need to remain compliant with emerging regulations,” added Richard Bentley, Chief Strategy Officer at Ullink, in an accompanying statement.

Earlier this month, Ullink partnered with Tradegate Exchange, a German private investing exchange, to help provide all members of Ullink’s global NYFIX community access to Tradegate Exchange’s service suite and liquidity capabilities.

Ullink is a provider of electronic trading and connectivity solutions to the global financial community. Back in June, Ullink appointed Didier Bouillard to the role of Chief Executive Officer (CEO). The resulting appointment allowed for Bertrand Sciard, Ullink’s Interim CEO, to move to the role of Chairman.