22 September 2014. ULLINK, a leading provider of electronic trading and connectivity solutions to the financial community, has announced it has completed the acquisition of NYFIX and Metabit from NYSE Technologies, part of Intercontinental Exchange (NYSE: ICE). This agreement was executed on Friday, 19th September 2014.
This strategic move accelerates ULLINK’s growth plans, and creates a major global provider of trading technologies and services. The expanded organization gives ULLINK enhanced buy-side penetration, a significant footprint in the US and increased access to pan-Asian markets. Post-acquisition ULLINK has 500 employees servicing more than 2,000 clients, with annual revenues over $130m. The company will continue to be led by ULLINK Founder and CEO Laurent Useldinger and will operate under the ULLINK brand.
ULLINK CEO Laurent Useldinger commented, “The acquisition of NYFIX and Metabit represents a transformative event for the industry. Our combined strengths and scale offer buy-side and sell-side customers a stable, global technology partner to support the needs of their growing businesses.”
Scott Fitzpatrick, Managing Director of NYFIX Services, added, “NYFIX customers will see a step-change in investment in products and services as a result of this acquisition. Our customers will benefit from enhanced services delivered on-premise and through our industry-leading managed services capabilities.”
The NYFIX and Metabit products and businesses are highly complementary to ULLINK’s existing strengths. Metabit, a leading Tokyo-based provider of high performance market access products, provides ULLINK with greater presence and experienced operations covering more of the Asian market. Bringing NYFIX’s proprietary trading technology into the ULLINK suite of services, including the “Marketplace™” connectivity network, enriches ULLINK’s core strengths in the sell-side with a strong buy-side offering and customer base.
Speaking on the acquisition Rebecca Healey, Principal at TABB Group, commented, “As global Equities and Derivatives markets continue to evolve rapidly, new forms of trading are emerging. The requirement for global, cross asset trading translates into the demand for sophisticated complex technology linking front to back office across time zones. Firms are switching to strategic partnerships with industry specialists in order to succeed and outsourcing services is going mainstream. Technology firms which can offer a rich set of pre-, at- and post-trade services flexibly packaged both on-premise and in the cloud, are ideally positioned to prosper from this transformation.”
For further details:
Simon McDowell +44 (0)20 7264 2413
Daniel Burgin (Japan specific) +81 3 3664 4160
ULLINK is a global provider of 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, it provides consistent, reliable access to the most current and innovative solutions available. Since 2001, ULLINK has established itself as one of the fastest growing technology companies in the industry. ULLINK 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, Sao Palo, Cluj and Sydney. For further information, please go to www.ullink.com.
A pioneer in electronic trading solutions, NYFIX continues to transform trading through innovation. The NYFIX Marketplace™ is a global community of trading counterparties utilizing innovative services that optimize the business of trading. A trusted business partner to the buy-side and sell-side alike, NYFIX enables ultra low touch, low impact market access and end-to-end transaction processing.
Built in Asia for Asia, Metabit’s portfolio of products has been designed exclusively for low-latency DMA trading solutions and exchange connectivity to markets in Asia, connecting buy side order flow with sell side exchange participants. Skilled with in-depth experience and understanding of financial markets in Asia, Metabit specializes in streamlined, low-latency technology solutions that enable industry-leading access to financial markets across Asia. Metabit’s products connect buy side order flow with sell side exchange participants and are designed exclusively for low-latency direct market access (DMA) and exchange connectivity to markets throughout Asia.