Ullink, a provider of electronic trading and connectivity solutions to the financial services industry, has launched its Managed Connectivity Service (UL MCS), according to an Ullink statement.
The UL MCS is a fully hosted service that caters to both buy-side and sell-side firms, offering a consolidated solution for its multi asset class connectivity requirements. Ullink’s new service includes FIX enabled capabilities, managed market access to global liquidity venues and brokers, and stronger monitoring and risk management measures.
Relative to brokers utilizing the service, UL MCS will be supporting on-boarding and management of inbound client connectivity through direct connections and integration with Ullink’s NYFIX hub and other buy-side order routing networks. The group has launched UL MCS with the hope of removing much of the need for in-house technology and support, ultimately reducing the total cost of ownership.
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According to Darren Newby, Director of Connectivity Solutions at Ullink, in a recent statement on the UL MCS launch, “Cost pressures and regulatory requirements are focusing firms on outsourcing commoditised services, but connectivity is business critical and difficult to outsource completely. UL MCS allows firms to realise the cost savings of outsourcing connectivity, as well as benefiting from the latest technology, whilst providing remote management tools to stay in control.”
“We have helped our customers with their connectivity requirements for years but recently they have been asking us to do more. New requirements, such as the need to capture and reconcile broker and exchange drop copies with internal trading logs, are placing stress on internal systems and resources. UL MCS provides such services in a modular fashion, giving customers the agility they need to remain compliant with emerging regulations,” added Richard Bentley, Chief Strategy Officer at Ullink, in an accompanying statement.
Earlier this month, Ullink partnered with Tradegate Exchange, a German private investing exchange, to help provide all members of Ullink’s global NYFIX community access to Tradegate Exchange’s service suite and liquidity capabilities.
Ullink is a provider of electronic trading and connectivity solutions to the global financial community. Back in June, Ullink appointed Didier Bouillard to the role of Chief Executive Officer (CEO). The resulting appointment allowed for Bertrand Sciard, Ullink’s Interim CEO, to move to the role of Chairman.