Imported from previous forum
Paris – November 23, 2005 - Ullink, the Global Transactional Connectivity Provider working with the financial community, announced today that AXA Investment Managers has selected Ullink.net to handle the connections with its counterparties.
AXA IM, the buy-side firm, a world leader in financial protection and wealth management, uses algorithmic trading, this method requires volume handling and throughput, it is based on those criteria that AXA IM selected Ullink.net above other order routing networks.
AXA IM Trader, Stéphane Dahan says: “thanks to its easy-to-implement XML API, the Ullink.net team was able to connect our proprietary application to the network within an impressive timeframe. Furthermore, as our strategy is based on a multi-broker approach, the possibility to add FIX connections to brokers in only a matter of days is a strategic advantage for us. Being a member of the Ullink.net order routing network saves us the hassle of maintaining a FIX engine or the need to adapt our message format to the various versions and flavours of FIX, while providing us with excellent platform latency and an order book hosting facility.”
Ullink.net is a multi-service provider, members do not only outsource their connectivity needs to a specialist, they also benefit from an innovative range of online tools such as connectivity monitoring, algorithm publication, on-line billing and the possibility to hold a record of executions.
“We believe that we need to foresee and adapt to our clients’ constraints to offer a straightforward connection to our network, this is why we developed three ways to connect using either: API XML, FIX or a Traderforce application,” says Laurent Useldinger, CEO of Ullink. “Although answering clients’ demands is essential, anticipating them is the key to providing efficient and fast service”.
A brief resume of AXA Investment Managers
AXA Investment Managers (AXA IM) is a multi-specialist asset management company within the AXA Group, a world leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with approximately €411, 9 billion* under management. AXA IM employs over 2,000 people* and serves clients in thirteen countries. For more information, visit AXA IM’s website at www.axa-im.com.
A brief resume of Ullink:
Ullink (www.ullink.com) is a global provider of electronic trading solutions, working with large and medium sized financial institutions throughout the world. With over 1000 connections established, Ullink has attained an unrivalled level of expertise in the connection of FIX counterparties. Ullink has offices in Paris, London and New York and achieves the highest standards to satisfy the most demanding of requirements.
For more information about our ASP services, see our websites: www.ullink.com and www.ullink.net
*Source: AXA IM as of September 2005