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ULLINK provides certified DMA to SmartPool
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Paris, London –December 4, 2008: ULLINK, global supplier of end-to-end connectivity and trading solutions, today became a fully-certified provider of Direct Market Access (DMA) connectivity technology to SmartPool, the multi-lateral trading facility set up by NYSE Euronext, BNP Paribas, HSBC, and JPMorgan. SmartPool is dedicated to trading large blocks of stocks in 14 different European markets and ULLINK’s gateway will support the full scope of functionality provided by the alternative platform as of the launch of this new trading service.
Yvette Roozenbeek, head of Strategic Development at NYSE Euronext, said “With the trend for trading in smaller sizes on central order books in Europe, SmartPool will offer institutional order flow a competitively-priced alternative trading venue for trading block orders of European stocks, ensuring minimal market impact on a low latency trading platform. ULLINK’s connectivity technology has proved able to leverage SmartPool’s innovative approach, and we are pleased their clients will be able to trade through our new platform from launch.”
“ULLINK is looking forward to providing certified connectivity to SmartPool,”, said Laurent Useldinger, CEO of ULLINK. “Combined with our other DMA gateways, ULLINK users will be able to trade across all of NYSE Euronext’s pools of liquidity, both light and dark. Our gateway to SmartPool is the latest extension of UL NET+, our hosted, maintenance-free high-frequency DMA trading ring. With UL NET+, users connect only once to our high-speed infrastructure and instantly access the world’s largest and most liquid regulated markets and alternative venues, in all asset classes.” |
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About ULLINK |
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ULLINK is a leading provider of end-to-end multi-asset connectivity and trading solutions. With over 350 plug-and-trade connections to favourite destinations (brokers, exchanges, order routing networks and trading applications, in all formats and all asset classes), ULLINK enables financial institutions to build vendor-neutral environments: they simply connect their existing applications to the platform (UL BRIDGE), select their destinations and start trading.
To leverage this universal connectivity solution, ULLINK provides turn-key DMA to over 35 major international markets, and comprehensive care order architectures with full order management (OMS), exception management, best execution, and algorithmic trading across the globe. These flexible solutions are available in-house, in Facilities Management (hosting and monitoring of the entire solution by ULLINK) or through the UL NET global routing network.
With offices in New-York, London, Paris and Hong Kong, ULLINK supports customers worldwide, around the clock. Its proven capacity to deliver reliable software and exceptional services has earned ULLINK the trust of hundreds of clients, including many of world’s largest financial institutions.
Please visit http://www.ullink.com or email sales@ullink.com.
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About SmartPool |
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SmartPool Trading Limited, is a UK registered company providing a Multilateral Trading Facility (MTF), providing an exchange-led dark pool for the execution of block orders covering 14 different European markets, with a full central counter party back-end solution through LCH.Clearnet and EuroCCP. SmartPool has been created by NYSE Euronext in partnership with BNP Paribas, HSBC and J.P. Morgan and is supervised by the Financial Services Authority (FSA).
Please visit http://www.tradeonsmartpool.com or contact info@tradesonsmartpool.com
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