Understanding the Embedded Finance Landscape

Ullink Reveals its Pan-European MiFID II Trade Reporting Solution

by Aziz Abdel-Qader
  • MiFID II comes into effect in January 2018 with the aim of improving the transparency of markets in financial instruments.
Ullink Reveals its Pan-European MiFID II Trade Reporting Solution
Finance Magnates
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Ullink, a provider of trading technology and infrastructure for market participants, has launched a Multi-Asset class Mifid II trade reporting solution to offer firms a single trade reporting venue that complements MiFID and EMIR transaction reporting services. The new product will cover all pre- and post- trade reporting services and is launched on the back of demand amid looming Regulation in the form of MiFID II.

MiFID II comes into effect in January 2018 with the aim of improving the transparency of markets in financial instruments. However, it brings many challenges to buy and sell-side investment firms, not least the requirement to publish trades to the market as close to real time as possible.

The new Ullink Trade Reporting solution will start by covering several markets, and is intended to provide a central dashboard that ensures a multi-asset pan-European reporting solution to help customers meet all of their new trade reporting obligations. It also includes Smart Report Routing logic for selecting amongst APAs based on business rules to optimise trade reporting costs.

Richard Bentley, Chief Product Officer at Ullink, commented: “With MiFID II implementation drawing closer, there is increasing pressure on firms to deploy automated solutions for trade reporting that can apply the rules correctly, to eliminate possibility of over- or under-reporting. The changing APA landscape also focuses attention on centralised solutions which can process input from multiple front-office Order Management Systems, across asset classes. The new Ullink Trade Reporting solution is a powerful addition to Ullink’s portfolio, aimed at alleviating the burden of new regulations for post-trade workflows.”

Ullink, a provider of trading technology and infrastructure for market participants, has launched a Multi-Asset class Mifid II trade reporting solution to offer firms a single trade reporting venue that complements MiFID and EMIR transaction reporting services. The new product will cover all pre- and post- trade reporting services and is launched on the back of demand amid looming Regulation in the form of MiFID II.

MiFID II comes into effect in January 2018 with the aim of improving the transparency of markets in financial instruments. However, it brings many challenges to buy and sell-side investment firms, not least the requirement to publish trades to the market as close to real time as possible.

The new Ullink Trade Reporting solution will start by covering several markets, and is intended to provide a central dashboard that ensures a multi-asset pan-European reporting solution to help customers meet all of their new trade reporting obligations. It also includes Smart Report Routing logic for selecting amongst APAs based on business rules to optimise trade reporting costs.

Richard Bentley, Chief Product Officer at Ullink, commented: “With MiFID II implementation drawing closer, there is increasing pressure on firms to deploy automated solutions for trade reporting that can apply the rules correctly, to eliminate possibility of over- or under-reporting. The changing APA landscape also focuses attention on centralised solutions which can process input from multiple front-office Order Management Systems, across asset classes. The new Ullink Trade Reporting solution is a powerful addition to Ullink’s portfolio, aimed at alleviating the burden of new regulations for post-trade workflows.”

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