Ullink, a provider of electronic trading and connectivity solutions, has implemented a new service, Drop Copy and Trade Risk Mitigation, which caters to both buy- and sell-side participants looking to better support regulatory requirements, according to a Ullink statement.
In particular, the Drop Copy and Trade Risk Mitigation service looks to streamline risk management functionality across trading, as well as bolstering client service capabilities for financial firms. Moreover, the new service also helps firms grapple with the shifting regulatory climate, with considerations to monitoring market positions and other transparency measures.
Liquidity Constraints in 2021 – What is the Best Path Forward?Go to article >>
Users of the Drop Copy and Trade Risk Mitigation service will also be able to have a duality of oversight across their trading activity, independent of their respective front office trading systems. The service is particularly important for execution, as users can receive drop copies from all global trading venues and brokers through a single, FIX interface.
According to Philippe Thomas, Ullink’s Chief Sales Officer, in a recent statement on the service launch: “We are delighted with the positive feedback from top tier clients following the release of our Drop Copy and Trade Risk Mitigation product. It is very encouraging to see that our heavy investment into research and development to create the most advanced regulatory solution has paid off.”
The launch of the new service is one of the first major developments in the new year by Ullink, having also recently implemented its Managed Connectivity Service (UL MCS). The UL MCS acts as a fully hosted service that caters to both buy-side and sell-side firms, which offers a unified solution for its multi asset class connectivity requirements.