ULLINK’s NYFIX Wins Waters’ Best Low-Latency Trading Network for Second Year Running
LONDON, 3 November 2017 – ULLINK, the global provider of electronic trading and connectivity solutions to the financial community, is pleased to announce its NYFIX global connectivity platform has won the “Best Low-Latency Trading Network” category in Waters 11th Annual Buy-Side Technology (BST) Awards, 2017 – the second year running that NYFIX has won the category.
Waters’ BST Awards recognize the leading technologies and vendors serving the global asset management industry. The “Best Low-Latency Trading Network” category acknowledges distinctive capabilities and expertise, focusing specifically on the broadness of the connectivity, the proximity to market centers and exchanges as well as the ability to manage large volumes without adding unnecessary latency.
NYFIX, ULLINK’s leading FIX order routing network, continues to be recognised as one of the broadest, deepest and most reliable networks in the industry. Since being recognised in the 2016 BST awards, ULLINK has grown its community of buy-side and sell-side members, adding more than 50 new buy-sides to the NYFIX network in the last 12 months. ULLINK has also added new buy-side Independent Software Vendor (ISV) partners to its Global Alliance Program (GAP) in the same period, reflecting its strategy of remaining independent of specific buy-side trading technologies to broaden its global applicability and footprint.
ULLINK has continued its program of product investment, to deliver further latency and scalability improvements. Early in 2017 ULLINK launched a new multi-hub architecture for optimised, regional message routing; new hubs in Asia and Europe deliver lower latencies and higher scalability for in-region message flows. ULLINK has also enhanced NYFIX encryption and security services, delivering high-performance channel security in line with the latest recommendations in the upcoming FIXS standard from the FIX cybersecurity working group.
Innovation has also delivered in other areas; the NYFIX Portal – ULLINK’s service delivery framework – has added new offerings from ULLINK and selected application partners. One of the latest of these is NYFIX MATCHING, ULLINK’s new cross-asset class matching and affirmation service for buy-side community members, delivered in partnership with AlphaOmega. This joins applications in the areas of TCA, research, directory services and rich, operational monitoring as value-add services available to members of the NYFIX community.
Speaking of the award Richard Bentley, Chief Product Officer of ULLINK, commented: “2017 has been a stellar year for NYFIX, with growth in the user and partner communities and significant deliveries of new product capabilities. We are extremely gratified to see these developments being recognised by the independent awards committee, and take this as further confirmation that we are on the right track to cement NYFIX as the leading connectivity and services platform for the Capital Markets industry.”