Ullink Extends FIX Solution to Daiwa Securities for Deployment in APAC

With the securing of a FIX-based electronic post-trade service, Daiwa Securities aims to streamline straight through processing.

Ullink, a provider of electronic trading and connectivity solutions to the financial services industry, has had its Middle Office solution (UL Middle) integrated by Daiwa Securities, according to an Ullink statement.

Daiwa Securities had been in the market for a scalable and versatile solution for deployment across its Asia-Pacific (APAC) Equities electronic trading operations. The decision to utilize UL Middle will help extend Daiwa Securities’ use of FIX to fully-automate its middle office and post-trade workflows.

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Moreover, the securing of a FIX-based electronic post-trade service will aim to reduce processing time and streamline Daiwa Securities’ straight through processing. As per the accord, UL Middle will help manage and facilitate all FIX-based allocations in real-time, relegated to Direct Market Access (DMA) and algorithmic order flows from Daiwa Securities’ Tier 1 client base.

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According to Takashi Futawatari, Executive Director at Daiwa Securities, in a recent statement on the integration: “We have been looking for a solution to fully automate our electronic trading business from executions through to allocations/confirmations, in order to offer our clients the best possible solution to streamline their operations.”

“Ullink’s UL Middle solution has impressed us with the rich functionality and full support for the FIX protocol post-trade workflow that should allow easy integration with our clients’ systems and contribute to eliminating errors and saving cost/time in our post-trade operations,” he added.

“Ullink’s Middle Office product set is one of the most agile and flexible in the market. We worked closely with Daiwa Securities to develop a tailored solution capable of processing its Asia-Pacific Equities order flow, and scaling to accommodate Daiwa Securities’ fast-growing client base,” added Philippe Thomas, Ullink’s Chief Revenue Officer in an accompanying statement.

Last month, Ullink made headlines after it launched a partnership with Tradegate Exchange, a German private investing exchange, whereby providing all members of Ullink’s global NYFIX community access to Tradegate Exchange’s service suite and liquidity capabilities. Tradegate clients have since been granted access to a consolidated FIX connection from Ullink.

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