Winterflood Securities to route orders to Chi-X Europe via ULLINK technology

PARIS, LONDON, 19 November 2008. ULLINK, the global provider of end-to-end connectivity and trading applications, today announced that Winterflood Securities, London’s specialist market maker, is now live on Chi-X Europe, the largest pan-European MTF. Winterflood Securities has been using ULLINK’s technology, the UL BRIDGE connectivity and order routing platform, for more than a year now. Its UL BRIDGE has recently been complemented by an OMS that provides exception management, a pre-trade risk filtering module, and DMA access to the LSE. In response to demand from its clients, Winterflood Securities has also added three new ULLINK DMA gateways to its existing trading environment, including access to Chi-X Europe.

“In this rapidly evolving industry, it is essential to be able to quickly adapt the Winterflood electronic trading environment Win-X without impacting the outstanding service our clients have come to expect. We selected the ULLINK technology, after a comprehensive review of the technology available in this space, for the modularity that it offers. Connections can be added, removed or modified without changing the underlying infrastructure. This feature allowed us to simply add the Chi-X Europe plug-in to our trading platform and go live in a matter of days,” commented Philip Yarrow, Electronic Trading Director of Winterflood Securities.

“We are pleased that Winterflood Securities has been able to leverage our platform’s modularity,”, added Laurent Useldinger, CEO of ULLINK. “Our technology is plug-and-trade and therefore allows us to lower the TCO of trading solutions, which can be particularly helpful in these market conditions. We offer an extensive library of 350 ready-to-trade connections to favourite destinations, including over 35 major exchanges in DMA, to help our customers quickly adapt to evolving business needs and regulatory requirements.”

Commenting on the announcement, Peter Randall, CEO of Chi-X Europe added, “We are delighted to welcome Winterflood Securities, the eminent specialist UK market maker, to our growing list of market participants and commend ULLINK for making this possible. In September, we extended our coverage of FTSE 250 stocks. We believe that the mid-cap market, as well as the blue chips, offers significant trading opportunities. On Chi-X Europe our participants achieve an average saving of more than 3 basis points on every trade. In these challenging times, we believe this proposition is proving ever more compelling.”


ULLINK is a leading provider of end-to-end multi-asset connectivity and trading solutions. With over 350 plug-and-trade connections to favourite destinations (brokers, exchanges, order routing networks and trading applications, in all formats and all asset classes), ULLINK enables financial institutions to build vendor-neutral environments: they simply connect their existing applications to the platform (UL BRIDGE), select their destinations and start trading. To leverage this universal connectivity solution, ULLINK provides turn-key DMA to over 35 major international markets, and comprehensive care order architectures with full order management (OMS), exception management, best execution, and algorithmic trading across the globe. These flexible solutions are available in-house, in Facilities Management (hosting and monitoring of the entire solution by ULLINK) or through the UL NET global routing network. With offices in New-York, London, Paris and Hong Kong, ULLINK supports customers worldwide, around the clock. Its proven capacity to deliver reliable software and exceptional services has earned ULLINK the trust of hundreds of clients, including many of world’s largest financial institutions. Please visit or email

About Winterflood Securities

Winterflood offer clients a one stop trading solution for the UK, EU & US equity markets. Winner, one of the leading FIX order routing platforms, provides immediate and simple access to our extensive liquidity. The Winterflood internal exchange Win-X our Pan European DMA order routing platform has been created to satisfy client demand through connections to lit and dark order books with exclusive access to our internal liquidity giving consistent price improvement over the home market However, we still value personal relationships and have a team of experienced highly skilled sales traders. 2008 is Winterflood’s 20th year of market making. Having succeeded in such fiercely competitive financial markets we have learned to always listened carefully to our clients, provide flexibility through bespoke trading solutions with a constant focus on quality of execution. Our continued success for the future will be built on the same principles.

For more information, please contact:
Sarah Danes 
Business Development
Winterflood Securities Limited
+ 44 (0) 203 100 0002 or

About Chi-X® Europe

Chi-X Europe Limited, a majority-owned subsidiary of Instinet Europe Limited, is an FSA-authorised securities firm operating as a multilateral trading facility (MTF) for the trading of a wide range of European equities. Chi-X Europe’s low-cost, streamlined operating model is designed to help participants achieve ultra-low execution, clearing and settlement costs, and benchmark tests have shown the Chi-X Europe to be significantly faster than Europe’s traditional equity exchanges. Chi-X Europe disseminates real-time market data to clients directly and via third-party market data vendors at no cost, and off-exchange trade reporting is available for a low monthly fee. For more information, please