LONDON AND NEW YORK, 27 April 2016. Ullink, the global provider of electronic trading and connectivity services, now provides direct connectivity to trueEX, a leading interest rate swap execution facility (SEF). Ullink’s multiprotocol connectivity platform UL Bridge will provide its clients with real-time access and efficient onboarding to the award-winning trueEX platform.
trueEX is one the fastest growing SEFs, supporting 18 currencies, made available to trade (MAT) and non-MAT swaps. To date, it has executed $1.8 trillion in trading volumes and over $10 trillion notional in post-trade services.
“Our collaboration with trueEX demonstrates our commitment to providing the trading community with cross-asset connectivity to the broadest range of execution venues,” said Philippe Carré, Global Head of Business Development. “We deliver fast, efficient access to liquidity, which has never been more important than at this time of unprecedented market structure change.”
“We have continuously enhanced our execution and post-trade services over the last year and have gained a great deal of traction with both the buy and sell-side,” said Tom Curley, Head of Onboarding, trueEX. “By teaming up with Ullink, we can provide even greater access to our industry-leading platform while enhancing the level of support for our expanding global client base.”
Ullink’s connectivity platform provides clients with rich normalisation capabilities, intelligent order routing, as well as validation and translation features. UL Bridge’s architecture is based on a modular principle that is extremely flexible during the implementation process, which meant the integrating with trueEX’s infrastructure was executed efficiently and quickly.
Regina Malzburg-Collins Head of Marketing & Communications
Tel.: +44 (0)20 7743 7219 firstname.lastname@example.org
Ullink is a global provider of market leading 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, the company provides consistent, reliable access to the most current and innovative trading solutions available. Since 2001, Ullink has established itself as one of the fastest growing technology companies in the industry.
In 2014 Ullink acquired NYFIX and Metabit from the New York Stock Exchange, further expanding its product offering by creating one of the industry’s largest FIX based trading communities.
The combined company 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, London, Paris, Hong Kong, Tokyo, Singapore, Manila, São Paulo, Cluj and Sydney.
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trueEX LLC operates the first exchange approved by the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM) for swaps. As an exchange and registered swap execution facility (SEF), trueEX is ideally positioned to facilitate the regulatory transition underway in the derivatives markets. Its SEF provides request-for-quote (RFQ) trading protocols and a proprietary portfolio terminations and compactions (PTC) system for the efficient trade management of existing positions through direct connectivity to multiple clearing houses. The Company is based in New York and enables the trading of interest rate swaps by all market participants. It will add other liquid derivatives to its portfolio in the near future.