Imported from previous forum
Paris – April 18, 2007 - ULLINK, leading provider of global transactional solutions for the financial community, today announced that Morgan Stanley selected the UL REACH solution to publish algorithms to buy-side clients.
UL REACH is an innovative solution for the automatic and instantaneous publication of algorithms to the buy-side community. Using UL REACH, brokers automatically certify and publish their algorithms to make them instantly available to clients on the platform. Integrating via FIX with any order or execution management system, UL REACH means brokers no longer need to adapt to multiple buy-side systems. Buy-side clients benefit from the rapid availability of new trading strategies, without having to wait for a new software release.
On the Buy-Side, UL REACH users browse through their broker’s library to enrich their orders with algorithmic parameters. Operations on both sides (broker and client) are performed in a user-friendly graphical environment.
Eli Lederman, Managing Director and Head of Electronic Trading Services at Morgan Stanley, says of UL REACH: “Our Buy-Side clients can now instantly use our latest algorithms and benefit from new advanced strategies. UL REACH is empowering technology for our clients, who want their OMS to be a window onto the full functionality of their brokers. With UL REACH, they get that. This positions us well to provide the best possible services even as market structures change rapidly and new algorithms evolve in kind.”
UL REACH is very flexible as brokers can add, update or delete algorithms and parameters dynamically. Beyond removing vendor dependency, this web-based solution also adapts to existing trading environments. The Buy-Side users connect to the service through their existing connection to the broker, whether it be point to point or through a third-party network.
“ULLINK keeps on innovating in an effort to provide its clients with flexible solutions which address their current and future business needs. UL REACH has received industry-wide attention and we have no doubt that the next developments on UL NET will have the same success” concluded Laurent Useldinger, CEO of ULLINK.
About Morgan Stanley:
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, wealth management and credit services. The Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 31 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.
About ULLINK:
ULLINK is a leading provider of connectivity and trading solutions. With over 260 ready-to-trade connections to favourite destinations (brokers, exchanges, order routing networks and trading applications, in all formats and all asset classes), we help our customers build environments that relieve them from technical dependence on a specific vendor: connect your existing applications to our platform (the UL BRIDGE), select your destinations and start trading.
In addition to this unique connectivity solution, benefit from turn-key DMA and care order architectures, full order management with dedicated sales and dealer interfaces, exception management, best execution and algorithmic trading across the globe. These flexible solutions are also available in Facilities Management (we host and support the entire solution in your name) or through our global FIX hub, the UL NET. With offices in New-York, London, Paris and Hong Kong, we support clients across time zones. Hundreds of connections for some of the world’s largest financial institutions have built our reputation for delivering quality software and exceptional services. Please visit http://www.ullink.net.