ULLINK First Vendor to Provide Connectivity to A2X
ULLINK at the forefront to support the evolving needs of South African market participants
JOHANNESBURG, 06 October 2017 – ULLINK, a global provider of electronic trading and connectivity solutions to the financial community, announced today that it has certified a new market gateway for A2X. ULLINK was the first independent software vendor to achieve conformance for its connectivity and trading solutions for the new South African exchange.
A2X brings competition to the South African equities market for the first time. By providing a secondary platform for companies listed on the Johannesburg Stock Exchange (JSE), which ULLINK already provides certified connectivity to, A2X offers brokers an alternative venue for trading JSE equities with reduced end-to-end transaction costs and high performance. The new exchange is regulated by the South African Financial Services Board (SARB).
A2X will clear all trades on a multilateral basis, with settlement via the STRATE central securities depository. The new low latency market gateway to A2X means that brokers can use ULLINK as a single provider to access both South African equities trading venues, as well as the SAFEX derivatives exchange. ULLINK also offers a smart order router that can be used for best execution of instruments dual-listed on A2X and the JSE.
Neal Lawrence, Chief Technology Officer at A2X, comments, “This is an exciting milestone achieved between ULLINK and A2X. We are delighted to have one of the leading providers of connectivity and electronic trading solutions on board with us in this pre-go-live phase. It demonstrates our joint capacity to address the technology requirements of market participants as we open a new chapter in the South African capital markets.”
Richard Bentley, ULLINK’s Chief Product Officer, adds, “We have been seeing constant growth in South Africa and are fully committed to supporting our clients in meeting their trading objectives to their best advantage. In a context of market fragmentation we continue to invest in our connectivity and electronic trading capabilities such as smart order routing, to allow participants to optimise liquidity sourcing and enhance their market competitiveness.”
ULLINK’s Smart Order Router and Pre-Trade Risk solutions were recently recognised as best-in-category at the 2017 Intelligent Trading Awards. This new certification to A2X extends ULLINK’s catalogue of market access gateways, which numbers more than 100 venues across multiple asset classes.
The Fast, Fair, Efficient Market.
A2X plans to offer choice to the market through the provision of an equities trading platform at reduced transaction costs with outstanding performance.
The company was founded in 2014 and is based in Johannesburg, South Africa.
For more information, please visit www.a2x.co.za.