INDATA to Offer Post-trade Capabilities with ULLINK
Embedded ULLINK technology will optimise post-trade workflows for INDATA iPM OMS clients
ULLINK, a global provider of electronic trading and connectivity solutions to the financial community, and INDATA, a leading provider software technology and services for buy-side firms including trade order management, compliance and portfolio accounting software and front-to-back office services, today announced the extension of their partnership to cover post-trade services for INDATA’s clients.
Many INDATA clients already leverage APPIA, ULLINK’s FIX engine, and ULLINK’s NYFIX Marketplace for broker connectivity to international markets. Under the new agreement, INDATA clients will have access to ULLINK’s NYFIX Matching post trade service, facilitating electronic information exchange around trade allocations, reconciliation, confirmations and affirmation. Through an extension of INDATA’s iPM OMS, firms will be able to automatically exchange and reconcile trade information and send allocation instructions to their brokers in near real-time, enabling firms to catch errors early and start processing trades intraday.
“We have worked very successfully with ULLINK over the years and now with Itiviti also, leveraging both technology and connectivity services for our mutual clients”, commented David J. Csiki, President of INDATA. “Enhancing further this partnership by offering new services to facilitate our clients’ post-trade operations makes a lot of sense, significantly reducing their TCO and providing them with fully integrated services.”
The post-trade environment is under growing business and regulatory pressure to improve efficiency and reduce risk. In the last few years, time to clearing and settlement has shrunk to T+2, with the industry looking towards a long term goal of T+0 to minimise settlement risk and reduce the need to hold collateral. Although legacy trading infrastructure has scaled to meet a huge increase in transaction volumes, it cannot address the lag between trading and clearing and settlement. The new arrangement between ULLINK and INDATA enables buy-side firms to leverage the NYFIX Marketplace network and FIX protocol to bring near real-time automation to post-trade processing and mitigate end-of-day risk.
“We are extremely encouraged to see increased adoption of our post-trade services by industry-leaders like INDATA, enabling our clients to leverage our world-class NYFIX infrastructure for all of their pre-clearing & settlement activities”, said Philippe Carré, Global Head of Business Development at ULLINK. “By giving clients clear, near real-time actionable information to process post-trade activities accurately, we are helping firms significantly reduce their risk exposure and make post-trade operations both more efficient and less time-consuming, inherently decreasing the cost of post-trade services”
Robyn Corcoran, Marketing Communications
Tel: +1 858-847-3000
Mireille Adebiyi, Global Marketing & Communications Director
Tel: +33 1 49 95 30 00
INDATA is a leading specialized provider of software, technology and services for buy-side firms, including trade order management (OMS), compliance, portfolio accounting and front-to-back office delivered via iPM Epic® – the industry’s first investment technology platform specifically designed for the era of big data. INDATA’s iPM – Intelligent Portfolio Management® technology platform allows end users to efficiently collaborate in real-time across the enterprise and contains the best of class functionality demanded by sophisticated institutional investors. The company’s mission is to provide clients with cutting edge technology products and services to increase operational efficiency while reducing risk and administrative overhead.
INDATA provides software and services to a variety of buy-side clients including asset managers, registered investment advisors, banks and wealth management firms, pension funds and hedge funds. Assets under management range from under $1 billion to more than $100 billion across a variety of asset classes globally. For more information, visit www.indataipm.com or follow us on Twitter: @indataipm.
About Itiviti and ULLINK
Itiviti and ULLINK have formed a market-leading global provider of multi-asset trading technology and financial infrastructure solutions for buy-side and sell-side market participants, including NYFIX, one of the industry’s largest FIX-based trading communities.
Serving more than 1,900 clients worldwide, we provide consistent, reliable access to the most up-to-date and innovative order routing, connectivity and trading solutions available. Top-tier trading firms, banks, brokers, exchanges and institutional investors rely on our technology, solutions and expertise to streamline their daily operations, connect to their desired markets, and trade when and where they want. All while being able to comply with global regulation.
With global offices in 18 locations covering all major financial centers, the merger of Itiviti and ULLINK in March 2018 creates a full service technology and infrastructure provider, covering all asset classes, geographies and regulatory landscapes.
Itiviti and ULLINK are owned by Nordic Capital Fund VII.