NEW YORK, 19 July 2012. ULLINK, global provider of connectivity and trading solutions for the financial community, announced today that the Egyptian Exchange (EGX) has chosen ULLINK’s UL NET solution to facilitate the expansion locally and internationally to drive more order flow to EGX.
UL NET is ULLINK’s fully managed order routing network; it connects the global financial community in real-time with session specific adaptors for any business model.
Dr. Mohamed Omran, Chairman of EGX, mentioned that “This is the first initiative by an exchange in this region actively promoting to be a link between international and local financial players, with a goal to spread the technology and to allow the different GCC exchanges to interface together and to promote cross border trading. We have chosen ULLINK for their reliable and proven connectivity solutions and we look forward to benefit from this exciting new partnership. We are confident in the valuable service this linkage will provide to our market participants, and in the future to promote cross border trading with other exchanges.”
“ULLINK has earned the trust of exchanges globally to provide not only the FIX connectivity layer but also pre-trade risk and other trading solutions to help on board both local and international clients more efficiently. We are pleased that EGX will be able to leverage the ULLINK FIX Hub model to collect and send order flow;” added Laurent Useldinger, CEO of ULLINK, “and we look forward to building a long-term partnership together.”