Imported from previous forum
New York - October 15th 2010 - ULLINK, leading provider of low-latency connectivity and trading solutions, announced today that its UL NET+ solution, a high-frequency DMA trading service bureau, is a key agent towards greater market security in compliance with the SEC’s latest proposals on market transparency and risk.
ULLINK has publicly acknowledged that the company’s technology could be used to monitor the markets for systemic pre-trade risk and to provide cross-market visibility compliant with the current overhaul of the regulations of the U.S. Securities and Exchange Commission (SEC).
The SEC is focused on maximizing transparency and competition, for positive and safer market growth. “One way to promote these goals is to provide for greater pre-trade transparency of trading interest” said SEC Chairman Mary Schapiro at a recent, September 22nd, conference in Washington. “Another important element of a new security-based market will be the increased transparency that comes from real-time reporting of all transactions.”
ULLINK’s fully-managed DMA trading infrastructure, UL NET+ powered with the UL IRIS pre-trade risk management component, allows clients the type of in-process pre-trade filtering the SEC is currently proposing. Using UL NET+, the sponsoring brokers can filter their client’s order flows before they reach the market.
“ULLINK is ahead of the game in that we handle pre-trade instead of merely post-trade risk” says Laurent Useldinger, CEO of the company. “We understand that in-process pre-trade risk management completely prevents risk, whereas post-trade, no matter how close to the execution, still leaves a margin for error. Our solutions are able to handle this risk for multiple criteria, while comparing pending orders to live market data. And we can accomplish this in mere microseconds- so such checks have no impact whatsoever on our customers’ execution performance.”
UL NET+ is a global infrastructure of DMA gateways, fully hosted and managed by ULLINK and co-located with the exchanges wherever possible for optimal speed. Using fiber-optic connectivity and the latest hardware, UL NET+ is monitored 24/7 by ULLINK experts, meaning both the sponsoring brokers and their buy-side clients can focus on trading and monitoring their business. We are compliant with the regulations for 54 markets in the United Kingdom, Continental Europe, Asia Pacific, and of course the USA, Canada, and Latin America.
UL IRIS is a comprehensive solution for pre-trade risk control across asset classes. It enables risk managers to easily build and manage complex risk policies, involving a wide range of filters to facilitate pre-trade protection across markets. Through this single module, ULLINK can handle risk across Futures, Options, Equities, and Fixed income.
“With UL IRIS, the broker remains in complete control of whatever the sponsored buy side clients do under his name” continues Useldinger. “We believe that the SEC is on the cusp of mandating regulations which make pre-trade risk checks mandatory, and ULLINK customers are ready for these evolutions.”
ABOUT ULLINK
Fueling growth on client satisfaction, 100% independent with no tie to any broker or financial institution, ULLINK is a leading provider of comprehensive low-latency connectivity and trading solutions. ULLINK enables latency-sensitive buy and sell side financial institutions to build vendor-neutral trading environments around modular solutions for every asset class: users simply connect their existing applications to the UL BRIDGE connectivity platform, select their destinations and start trading.
ULLINK provides low-latency DMA to over 40 major international markets, and comprehensive care order architectures with OMS, exception management, best execution, and algorithmic trading across the globe. These flexible solutions are available in-house, or through the UL NET global routing network or as a fully-managed service (UL NET+).
Using fiber-optic connectivity, and co-located with the execution venues whenever possible, UL NET+ offers near-zero latency, while the system’s full redundancy and constant monitoring by ULLINK’s expert staff ensure unprecedented levels of availability. UL NET+ also includes an advanced pre-trade risk component to filter orders and to monitor positions globally.
ULLINK employs over 180 dedicated professionals with offices in New York, São Paulo, London, Paris, Hong Kong, Tokyo, Sydney and growing. They support customers worldwide, around the clock. ULLINK’s proven capacity to deliver reliable software and exceptional services has earned it the trust of hundreds of clients, including many of the world’s largest financial institutions.
Please visit us at Booth #5 at the FPL Americas Trading Conference.
For more information on UL NET+ or UL IRIS, please contact: sales@ullink.com