LONDON, 2 March 2016. Ullink, a global provider of market leading electronic trading and connectivity solutions to the financial community, today announced the launch of a pioneering Drop Copy and Trade Risk Mitigation service that will provide buy-side and sell-side firms with a ready-to-use solution to reduce trading risk, improve client service and help meet regulatory requirements.
New regulatory requirements, in addition to existing business drivers, have added pressure on firms to establish a system that can effectively monitor market positions and reconcile primary trading logs against exchange drop copies. Minimising trade risk has been on top of the agenda for most trading firms over the last decade. Ullink’s Drop Copy service is a key solution to risk management. In addition, the service also enhances the end user’s experience, allowing them to act more quickly and in real-time to help preserve capital in situations when it matters most.
With Ullink’s Drop Copy and Trade Risk Mitigation Service clients can monitor trading activity and exposure independent of their front office trading systems. At the same time, it provides the ability to terminate trading sessions and cancel orders when required. Clients can receive drop copies from all their global trading venues and brokers via a single, normalised FIX interface, thus providing an independent golden source of trade data. This golden data source can be used to feed many different solutions, such as market abuse systems, Best Execution, surveillance and reconciliation software.
Recently, Ullink has successfully implemented a trade risk mitigation solution for one of its existing clients. The client was looking for a partner to help monitor its global trading activity and Ullink’s solution stood out as one of the most flexible and adaptable in the market. A post trade monitoring platform that has the capacity to not only independently monitor over 50 million trades a day, but also cancel orders from multiple locations and asset classes was required.
“We are delighted with the positive feedback from top tier clients following the release of our Drop Copy and Trade Risk Mitigation product. It is very encouraging to see that our heavy investment into research and development to create the most advanced regulatory solution has paid off.” commented Philippe Thomas, Ullink’s Chief Sales Officer.
Regina Malzburg-Collins Head of Marketing & Communications
Tel.: +44 (0)20 7264 2411 email@example.com
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.