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SELL-SIDE

Innovative front and middle office trading solutions from rich, highly configurable modules, delivered as an enterprise deployment or a fully managed service.

Ullink delivers leading-edge financial technology quickly and efficiently. Each product adds value both off-the-shelf or as part of a comprehensive solution set. Solutions are delivered directly as a managed service, through onsite deployment or as part of a hybrid managed/enterprise model.
Our modular architecture enables members to tailor solutions that adapt to specific business needs. An integrated approach reduces technical challenges around maintaining and updating solution sets. Ullink can update individual products within each solution set, or swap components as members’ business needs change.

UL APPIA FIX ENGINE

UL APPIA is our state-of-the-art monitoring, configuration and customisation suite to enable third-party applications and infrastructure for FIX connectivity

UL Appia is our market leading, modular product suite that delivers everything needed to establish, configure, monitor and manage FIX connectivity. UL Appia covers the full spectrum from FIX-enabling individual applications to fully-managed enterprise FIX infrastructure.

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UL Appia has universal low-latency connectivity across asset classes and messaging formats

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It allows access to a global community of over 1,500 counterparties and more than 90 trading venues, supported by local expertise

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UL Appia enables members to take control of their counterparty network, allowing them to add and remove connections easily

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The solution provides members with flexible and agile communication capabilities that can be adapted in line with changing business needs

NYFIX GLOBAL FIX HUB

NYFIX is our global low-latency FIX community of buy-side, sell-side and trading venues

Ullink’s market leading NYFIX community links up over 1,500 trading partners via a global, low-latency network, and provides direct access to trading venues and the full range of Ullink managed solutions. NYFIX is one of the industry’s broadest, deepest and most robust FIX-based electronic trading communities.

We offer a Post Trade Analytics service free of charge to all our Buy-side NYFIX community members. In partnership with LiquidMetrix, you will receive a weekly report summary for Transaction Cost Analysis (TCA), execution performance reporting and venue toxicity, with the option to upgrade to a more in-depth service.

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The Ullink network is robust and reliable, based on NYFIX’s global, low-latency connectivity.

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NYFIX provides connectivity to thousands of international endpoints, positioning members at the heart of capital markets.

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NYFIX can be provisioned across a choice of Gold or Platinum hosting models, enabling members to deploy solutions onsite or through the robust NYFIX network.

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NYFIX enables the reliable delivery of Ullink’s solutions and selected partner offerings to member firms.

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NYFIX is enhanced by local expertise and follow-the-sun support.

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Ullink’s 15 global, proximity hosting data centres constantly ensure the resilience and reliability of the network.

CONNECTIVITY PLATFORM

UL Bridge is our multiprotocol connectivity platform providing rich normalisation capabilities with highly-configurable intelligent order routing, validation and translation features.

UL Bridge is our widely-deployed multi-protocol connectivity platform providing rich normalisation capabilities with highly-configurable intelligent message routing, validation, translation and enrichment features.

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UL Bridge’s modular architecture can be embedded within existing connectivity platforms to provide flexibility.

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UL Bridge offers the translation of multiple protocols from multiple venues. It provides enrichment and message normalisation into a standard FIX format.

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UL Bridge provides data flow management with the ability to intelligently route multiple orders to multiple global venues

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Modular extensions can include pre-trade risk management, business monitoring, exception management, smart order routing, enhanced DMA, technical monitoring and proactive alert capabilities.

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Order flow aggregation and routing, combined with high through-put handling, provides operational efficiency with a competitive edge.

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All-in-one process architecture helps enable timely on-boarding and short time to market.

MANAGED CONNECTIVITY

A fully managed, multi asset class solution for global client and market connectivity, accessed via a single FIX connection

Our Managed Connectivity Service (UL MCS) is a comprehensive, fully hosted service providing buy-side and sell-side firms with a one-stop solution for their global, multi asset connectivity requirements.

UL MCS includes FIX enablement, managed market access to global liquidity venues and brokers, as well as the capture and normalisation of exchange drop copies for monitoring and risk management. For brokers, UL MCS supports on-boarding and management of inbound client connectivity via direct connections or through integration with order routing networks, including Ullink’s NYFIX.

Built on our market-leading connectivity technology, UL MCS is within a fully hosted and scalable infrastructure, that is accessible over a single FIX or API connection. Supported by flexible service models and remote management tools, UL MCS lets you monitor as much – or as little – of your connectivity workflows as required.

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UL MCS gives our clients the freedom to focus on value add activity while helping to reduce total cost of ownership

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Faster time to market for both client onboarding and access to new liquidity venues

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Stay up-to-date with technology, whilst ensuring compliance with changing regulation

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Consolidate multiple global technologies and provide centralised monitoring & control

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Exceptional performance, high availability, stable and reliable – via a fully hosted and scalable architecture

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Outsource connectivity technology but retain control of the client experience

LOW TOUCH

Ullink’s low-touch offering delivers fast, intelligent, cross-asset, high-visibility order management for DMA

Ullink’s low-touch offerings deliver fast, intelligent, cross-asset order management for DMA. Our solutions enable firms to provide best execution through smart order routing, and differentiate through rich exchange-traded and synthetic order types.

Our Monitoring solution (UL Monitoring), equips firms with the tools to view and search millions of orders from one screen, immediately detect and manage exceptions, and take ownership of client orders at will, elevating low-touch trades into a high-touch environment as required.

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Our low-touch solution is available as a managed service, through enterprise deployment or as part of a hybrid model

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Robust connectivity to over 1,500 counterparties and access to liquidity across over 90 venues

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Rigorous pre-trade risk management ensures clearing certainty with complete break-glass exception management and kill-switch functionality

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Ultra-low latency and co-located in every major exchange and trading venue, offering linkage to an established peer-to-peer network

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Proactive business monitoring with multiple alert and exception management.

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Smart order routing for high speed-to-market and proof of best execution to comply with the latest regulations

HIGH TOUCH

Our high-touch offering provisions a modular and customisable order management system (OMS) across geographies and asset classes

Ullink’s high-touch offerings provision a modular and customisable order management system that enables members to deploy a single set of solutions across geographies, asset classes and teams, tailored to specific business needs.

Integration with members’ chosen market data providers is delivered through a ‘plug & play’ model, with connectivity to a global community of counterparties and venues.

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An efficient ‘Total Cost of Ownership’ trading platform allowing both local and global trading and order management.

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Market making and RSP capabilities built on predefined and/or customisable rules

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Follow-the-sun cross-asset support including equities, futures, options, fixed income and FX

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Intuitive front-end driving low latency and best execution and flexible, customised order management solutions.

MIDDLE OFFICE

Our middle office solution allows the management of trade allocations, confirmations and fee calculations

Ullink’s middle office solution allows the management of trade allocations, confirmations and fee calculations whilst communicating with third-party operational systems. A broad range of connectivity options that link post-trade and back-office solutions are supported.

Download our new white paper which summarises current forces at play in the middle office, and explores implications for middle office workflows and technologies.

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Ullink’s suite of modular middle office solutions enables members to choose the best product combination for their business needs

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UL Middle allows the management of trade allocations, confirmations and fee calculations whilst communicating with third party middle and back-office systems

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UL Reporting enables members to perform auto or manual reporting by generating data reports directly from an order book in multiple customised templates

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Ullink provides flexible back-office connectivity with confirmation creation, validation and delivery via STP using FIX-based messaging and allocation

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Our customised solutions also facilitate the calculation of fees and commissions, while UL P&L allows members to fully monitor daily P&L with a customisable view of trading activity.

RISK MANAGEMENT

UL Iris – control and monitor trading activity

Ullink’s comprehensive pre-trade risk management solution UL Iris, allows members to control and monitor trading activity across markets, clients, traders and asset classes through a centralised view. UL Iris prevents execution-related threats such as input errors or excessive risk. This functionality enables traders to focus on their business objectives while being able to check positions in real time.

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UL Iris allows aggregated pre-trade risk management and offers a low footprint combined with precise performance

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UL Iris allows margin filtering to calculate the maximum exposure of an order, allowing members to control market impact against the order book and exposure for the client and trader

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Brokers can check positions in real time, set alerts on multiple criteria and filter orders before they hit the market, using defined user and filter configuration rights

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Filters can be applied depending on your business logic, and offer granular order management with the ability to check against one of over 60 customer criteria

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The solution is fully configurable and can be easily integrated with existing client systems and offers bespoke trade risk mitigation customer solutions

SMART ORDER ROUTING

UL Smart – Ullink’s adaptable and intelligent smart order routing solution

UL Smart, adapts to business logic with an intelligent model that seeks liquidity and incorporates an automated decision process. Customised filters ensure best execution at the lowest calculated cost.

Leveraging the FIX protocol, UL Smart allows our global community of more than 1,500 buy- and sell-side firms to send and receive vital trade information in real-time.

Ullink’s service is easily integrated with firms’ existing OMS, supports all versions of FIX, and is capable of handling orders, executions, indications of interest (IOIs), advertised trades (ATs), allocations, and all asset classes.

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Ullink provides sophisticated routing logic to facilitate best execution, with high speed to market and low latency connectivity.

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The system provides proof of best execution in order to facilitate the necessary regulatory obligations

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Ullink offers global order routing and data centre presence with more than90 DMA venues on equity, futures and options markets worldwide, and 600+ connected counterparties

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The service provides centralised certification of connected parties in compliance with FIX. All counterparties are certified in a consistent and reliable format

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UL Smart manages all FIX version translations, including translation to/from non-FIX messaging standards. This eliminates the need to support multiple counterparty systems

ULLINK’S DROP COPY AND TRADE RISK MITIGATION SERVICE

Reduce trading and clearing risk, normalise and reconcile trade data, prepare for future regulatory requirements

Our Drop Copy and Trade Risk Mitigation Service allows clients to monitor global trading activity and exposure, independently of front office trading systems. As well as the ability to terminate trading sessions and cancel orders as required.

Receive drop copies from all your global trading venues and brokers via a normalised FIX interface, providing an independent golden source of trade that can feed market abuse, surveillance, Best Execution and reconciliation systems.

Download our new white paper which explores drop copy data management systems as a new form of e-trading risk mitigation tool in 2016

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Independently monitor market position & exposure

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Intervene and kill orders to terminate trading sessions

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Enhance client experience with additional safety layer

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Reconcile primary trading logs against exchange drop copies

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Identify infrastructure or trading application failure and detect erroneous ALGO & trading behaviour

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An independent golden source of trade data that can feed, Best Execution, TCA and market abuse solutions

MARKET MAKING

UL Market Maker – Ullink’s flexible quoting engine

UL Market Maker is a flexible and adaptable quoting engine which supports a wide variety of market making activities for multiple asset classes.

The business logic resides in a server-side component making the quote engine fast and efficient. The user can interact with the quoting engine and change parameters without impeding the engine speed.

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UL Market Maker provides a rich variety of quoting models with advanced logic that adapts to various market changes and conditions

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Calculation of fair price for additional asset classes such as options and ETFs

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Integration with system-wide position-keeping offers instant control of exposure

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RSP (Retail Service Provider) capabilities with configurable quoting rules

POST TRADE ANALYTICS

Ullink has partnered with LiquidMetrix to offer our clients a market leading trade analytics service with unique benefits.

Ullink’s post trade analytics provides our clients with cutting edge Transaction Cost Analysis (TCA), execution performance reporting and venue toxicity. Comprehensive data reports at macro and micro level will give you valuable insights to help optimise trading strategies.

LiquidMetrix are industry experts in financial data research and execution quality analysis. The TCA methods developed by LiquidMetrix are uniquely suited to reflect our client’s multi-venue trading realities, including the modelling of venue latency effects and realistic performance analysis at a micro level.

The service is available free of charge as weekly report to all our Buy-side NYFIX members with the option to upgrade to additional services.

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The automated Report Generator can create and e-mail TCA, Execution Quality and Best Execution Outlier Reports in pdf or csv format.

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A unique, interactive Work Station will help you to analyse aggregate execution performance and ‘slice & dice’ your data across standard and custom criteria.

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Drill down to analyse exact market conditions and replay consolidated order books around the time of each trade, to help understand and diagnose best execution problems.

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Analyse market impacts around the times of your trades to help identify any gaming or toxicity associated with certain brokers, algos and venues.

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Gain access to a dedicated trade and order book database covering global venues with millisecond accurate Level 3 market data.

XILIX

ザイリックス

ザイリックスは直感的な操作を可能にし、グローバル金融市場対応の専門機能を兼ね備えた強力な執行管理システムです。

多言語対応の1つの ユーザー・インタフェースを介して、複数のアセットクラスのトレーディングを実現します。
業界最高水準でバイサイドにリアルタイムのコンプライアンス・チェック/管理機能を提供するザイリックス – その高い信頼性と優れた顧客サービスは、ULLINKの真摯 な取り組みによって強化されています。

(1) マルチ・ブローカー:グローバルで600カ所以上のカウンターパーティと接続が可能
(2) グローバルアクセス:世界最大のFIX金融ネットワークであるNYFIXへアク セス
(3) 安定性:サービス開始当初から抜群の安定性とアップタイム
(4) サービスへのコミットメント:アジアを拠点に、幅広い顧客層と金融ビジネスの専門知識に支えられた迅速かつ模範的な顧客 サービスを提供
(5) リスク・コンプライアンス機能:金融の諸規則、慣習に加え、トレーダーやアセットマネージャーの豊富な専門知識に基づい て確立された総合的なリアルタイム・妥当性チェック

Xilix is an intuitive Execution Management System which provides an expansive range of Global markets expertise and functionality to your desktop in a powerful trading system solution

It enables multi asset class trading through a single multi-lingual user interface.
Recognized as providing the most comprehensive buy side compliance checks, Xilix is strengthened by ULLINK’s commitment to reliability and exemplary customer service.

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Multi-Broker: connected locally to over 600 counterparties globally.

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Global Access: connected with NYFIX Services, the largest FIX financial community in the world

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Stability: Strong track record of trading systems uptime & platform services since inception

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Commitment to Service: strong client coverage & financial business expertise based in Asia providing responsive and exemplary services

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Risk & Compliance Controls: extensive real-time catalog of rules built from rich expertise of traders, asset managers and market intelligence.

MIFID 2

Ullink’s MIFID 2 offering secures your regulatory compliance deadline so you can take advantage from a redefined business landscape

Ullink MiFID 2 packaged solutions help you Connect, Trade, Control and Report your order flow, giving full support for the latest ESMA & FCA requirements and simplifying regulatory operations with automated tools for transparency.

Our modular approach to regulatory compliance enables sell-side participants to surgically upgrade their trading systems with microsecond timestamping & regulatory tags, timely reporting to APAs and ARMs, and overall control through comprehensive compliance checks and SI status monitoring.

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Packaged solutions can be deployed quickly to meet your regulatory deadlines with controlled TCO

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Built-in regulatory logic to automatically derive MIFID tags from trading context

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Smart reporting engine to ensure the right data is submitteed to the right venue at the right time

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Modularity and configurability to cover future regulatory changes with minimal impact

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Proactive business monitoring with real-time alert management and kill switch

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Smart order routing and best execution proofs to turn your MIFID 2 investment into a competitive advantage