Imported from previous forum
Paris – July 10, 2007 - ULLINK, leading provider of global transactional solutions for the financial community, today announced that Jefferies, the global investment bank for growing companies and their investors, selected its UL SMART solution to address the MiFID best execution requirements.
Jefferies International Limited, the UK subsidiary of US-based Jefferies Group, Inc, (NYSE: JEF) and the hub for Jefferies’ European activities, trades equities across the continent using ULLINK’s connectivity and order routing platform, the UL BRIDGE. In order to comply with MiFID, Jefferies has decided to enrich its existing trading environment with UL SMART, ULLINK’s best execution engine.
Fast implementation and easy integration are key advantages of this new module. Customers simply add it to their existing environment to meet MiFID’s exacting best execution requirements. As a single-process module embedded in the UL BRIDGE, UL SMART makes decisions using real-time data from multiple sources, and routes orders according to user-defined best execution policies. Brokers use a graphical Best Execution Policy Designer to create custom policies that meet their customers’ needs and expectations.
“As part of an ongoing commitment to our clients, Jefferies International is partnering with technology leaders such as ULLINK to stay well ahead of the curve on the far-reaching changes resulting from MiFID” says Bradley Duke, Senior Vice President and Head of ETS Sales at Jefferies International Ltd. “The UL SMART solution fits neatly into our existing infrastructure, allowing Jefferies to provide smart order routing services to our global DMA clients within the Best Execution framework”.
“We are pleased to provide our customers with off-the-shelf compliance to new regulations such as MiFID and Reg NMS”, says Laurent Useldinger, CEO of ULLINK. “To keep up with their competitors in today’s marketplace, brokers need to be able to quickly adapt their environments to evolving business needs and regulatory requirements. This new module is a perfect example of our constant effort at providing clients with ready-to-trade and easy-to-implement solutions. “
About ULLINK
ULLINK is a leading provider of FIX 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.com.