NEW YORK, LONDON, 3 October 2012. ULLINK, provider of low-latency connectivity and trading solutions for the global financial community, today announced that it has acquired a substantial part of Hexapod Solutions, a supplier of adaptable software solutions and consultant services specializing in market making.
ULLINK’s proven technology covering front to middle office trading workflows has now extended its product offering to include an advanced market making solution. Under one umbrella, clients are able to take advantage of ULLINK’s full product suite including connectivity, order management, pre-trade risk and other innovative tools that can be leveraged to deliver a liquid execution in a multi-asset, global environment. The addition of market making allows our clients to capitalize on the open and modular, ULLINK trading infrastructure.
Hexapod’s Market Making solution, now called UL MMBOX, maintains prices in the market based on a pre-defined set of rules in order to secure liquidity within products. UL MMBOX will be seamlessly integrated into the ULLINK product suite.
Operating out of Stockholm, the Hexapod team will now work together with ULLINK to deliver ground-breaking market making solutions to our growing global client base.
Laurent Useldinger, CEO of ULLINK said: “In our efforts to constantly address our clients’ growing needs, we have chosen to partner with Hexapod for the values they share with ULLINK and because they further our strategic growth. Hexapod builds innovative and robust technology, and we are happy to combine our offering with them to provide pioneering market making solutions that are strong enough to handle our clients’ mission critical applications.”