ULLINK, a provider of electronic trading and connectivity solutions, has partnered with Valemobi, a Brazilian provider of capital markets technology – the new collaboration will see the deployment of a jointly engineered solution for local asset managers and buy-side institutions, promoting greater connectivity across Brazilian capital markets.
Per the accord, Valemobi will be providing turnkey solutions for clients of its Asset and Wealth Management solutions. More specifically, the newly launched solution will target asset and wealth managers across an international broker community that’s nearly 700-strong.
Access will be garnered directly via Asset System (AS), Valemobi’s paramount buy-side solution, which will help capital markets asset managers better meet their respective back office, risk, compliance and performance attribution needs.
FBS Has Added New Pharma Stocks with Intense Growth RatesGo to article >>
By extension, the partnership represents the first Latin American entity for ULLINK, which has to date worked with a variety of third-party service providers. Valemobi represents the first LATAM partner to join the growing community of vendors managed under the Global Alliance Program (GAP), ULLINK framework to manage partner relations worldwide.
According to Rodrigo Freitas, CEO of Valemobi, in a statement on the partnership, “This was the right time and an excellent opportunity to extend the range of pre-packaged services we offer Valemobi’s buy-side clients. Direct connectivity to local markets, starting with Brazilian Exchanges, has been on top of our clients’ agendas for some time. Working in a global partnership with ULLINK enables us to accelerate the development of our offering.”
“With our Brazilian office about to celebrate its tenth anniversary and a renewed focus on expanding our local footprint, it is key that we continue to deepen our relationship with local capital markets’ participants”, explained Lael Wakefield, Americas’ Managing Director at ULLINK.
Moreover, “I am delighted we are further increasing our investment in the region to support our growth plans by extending the NYFIX Marketplace presence in Latin America in 2017 through a new Sao Paulo point of connection to offer more adaptability to our clients’ needs,” he added.