Kotak Institutional Equities Integrates Ullink’s UL Bridge Solution
- Ullink's solutions have found another client in Indian institutional broker, Kotak Institutional Equities (KIE), who will utilize the UL Bridge.
Ullink, a trading and connectivity solutions provider, has had its UL Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat Read this Term connectivity solution integrated by Kotak Institutional Equities (KIE), a leading institutional Indian broker and division of Kotak Securities, according to a Ullink statement.
KIE covers secondary market broking and Indian equity offerings, including IPOs and other market initiatives catering to both domestic and foreign institutional investors (FIIs). The group has leaned on Ullink’s UL Bridge to help streamline its FIX messaging, message enrichment, and order routing capabilities.
Under the terms of the new partnership, UL Bridge’s modular infrastructure will function in tandem with KIE’s Order Management System (OMS), allowing KIE to provide improved Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term services to an additional array of clients, both locally and worldwide.
More specifically, UL Bridge provides a cascade of trading features that process FIX baskets and aggregate trades into a consolidated execution report. Furthermore, UL Bridge also facilitates automatic distribution of orders between DMA, Algo and Care desks.
According to Philippe Thomas, Managing Director at Ullink, in a recent statement on the integration, “We are continuously expanding our geographic reach and are excited to support Kotak Securities with our global, innovative trading solutions.”
“With India in the spotlight as one of the most important and rapidly growing emerging markets, I am pleased that Kotak Securities will be leveraging Ullink’s solutions to further strengthen its position as a leading financial services provider,” he added.
Earlier this month, Ullink deployed its technology to Nordic liquidity provider Remium. The latest integration saw Remium utilize Ullink’s Market Making solution, building on an existing framework of Ullink’s DMA and connectivity platform.
Ullink, a trading and connectivity solutions provider, has had its UL Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat Read this Term connectivity solution integrated by Kotak Institutional Equities (KIE), a leading institutional Indian broker and division of Kotak Securities, according to a Ullink statement.
KIE covers secondary market broking and Indian equity offerings, including IPOs and other market initiatives catering to both domestic and foreign institutional investors (FIIs). The group has leaned on Ullink’s UL Bridge to help streamline its FIX messaging, message enrichment, and order routing capabilities.
Under the terms of the new partnership, UL Bridge’s modular infrastructure will function in tandem with KIE’s Order Management System (OMS), allowing KIE to provide improved Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term services to an additional array of clients, both locally and worldwide.
More specifically, UL Bridge provides a cascade of trading features that process FIX baskets and aggregate trades into a consolidated execution report. Furthermore, UL Bridge also facilitates automatic distribution of orders between DMA, Algo and Care desks.
According to Philippe Thomas, Managing Director at Ullink, in a recent statement on the integration, “We are continuously expanding our geographic reach and are excited to support Kotak Securities with our global, innovative trading solutions.”
“With India in the spotlight as one of the most important and rapidly growing emerging markets, I am pleased that Kotak Securities will be leveraging Ullink’s solutions to further strengthen its position as a leading financial services provider,” he added.
Earlier this month, Ullink deployed its technology to Nordic liquidity provider Remium. The latest integration saw Remium utilize Ullink’s Market Making solution, building on an existing framework of Ullink’s DMA and connectivity platform.