Ullink’s market leading FIX connectivity solution will provide efficient onboarding and connect Contineo’s clients with its Asian multi-dealer structured products platform
HONG KONG, 23 April 2015. Ullink, a global provider of market leading electronic trading and connectivity solutions to the financial community and Contineo Limited, the first industry supported open messaging network to access issuers of structured products in Hong Kong, today announced that Ullink will provide the FIX messaging backbone for the new platform.
Contineo is the first industry supported, open messaging network for private banks and wealth management firms to access issuers of structured products. Structured product distribution and transactions are currently highly manual and there are different practices and protocols across the industry. Contineo’s goal is to establish a unified communications network using the industry standard FIX protocol, which will be accessible to all participants. The venture is supported by AG Delta, Barclays, BNP Paribas, Goldman Sachs, HSBC, J.P. Morgan and Societe Generale Corporate & Investment Banking.
As a leading FIX technology and network provider, Ullink has been chosen by Contineo to implement and manage the FIX network, linking all participants via one robust connection. The implementation of Ullink’s FIX network will lower costs, increase products access and assist with all aspects of risk management. Ullink’s system optimizes the efficiency and speed of onboarding new participants by offering greater flexibility in adapting to participant’s FIX versions, business intelligence enrichments and custom routing rules.
Ullink has a proven track record in building and operating robust FIX networks and is the trusted partner for many of the world’s leading financial institutions to provide business critical connectivity.
“We have chosen Ullink’s platform over other vendors’ for its proven technology and ability to provide a stable and efficient platform for FIX connectivity”, commented Mark Munoz, Managing Director at Contineo. “Ullink’s solutions are scalable and aligned with our business objectives to become the leading structured products network in Asia. We are continually expanding our network and will now be in prime position to add many new participants.”
Philippe Thomas, Managing Director for Ullink Asia, said: “We are delighted to offer Contineo an efficient and robust connectivity solution that can help to develop and grow their business more quickly by allowing more participants into their trading network. The integrated nature of Ullink’s products offers further opportunities for collaboration as Contineo continues to grow”
Regina Malzburg-Collins tel.: +44 (0)20 7264 2411
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Ullink is a global provider of market leading multi-asset trading technology and infrastructure for buy-side and sell-side market participants. Trusted by over 150 of the world’s top-tier banks and brokers, the company provides consistent, reliable access to the most current and innovative trading solutions available. Since 2001, Ullink has established itself as one of the fastest growing technology companies in the industry.
In 2014 Ullink acquired NYFIX and Metabit from the New York Stock Exchange, further expanding its product offering by creating one of the industry’s largest FIX based trading communities.
The combined company manages over 450 trading platforms daily, is connected to more than 100 of the world’s leading liquidity and exchange venues and offers over 700 different FIX and API adapters. Ullink has offices in New York, Toronto, London, Paris, Hong Kong, Tokyo, Singapore, Manila, São Paulo, Cluj and Sydney.
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