Imported from previous forum
Paris – April 27, 2007 - ULLINK, leading provider of global transactional solutions for the financial community, today announced that SEB selected its UL SMART solution to address the MiFID best execution requirements.
SEB is a leading North-European financial group that trades multiple asset classes in FIX, using ULLINK’s connectivity and order routing platform, the UL BRIDGE.
In order to be MiFID-compliant, SEB has decided to complement its existing trading environment with the UL SMART, ULLINK’s best execution engine.
Fast implementation and easy integration are key advantages of this new module. Customers simply add the module to their existing environment to meet MiFID or Reg NMS best execution requirements. As a single-process module embedded in the UL BRIDGE, the 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’ expectations.
“We first chose ULLINK for the scalability and flexibility of its solutions. It proves a wise decision as we will simply add the UL SMART module to our existing environment to be fully MiFID-compliant and ready to trade under MiFID by November 2007” says Christer Wennerberg, E-TCM business development at SEB. “ULLINK provides us with great service and support and helps us comply with the regulation. We see this as an opportunity to increase our level of customer service,” says Torbjörn Ericsson, head of the MiFID implementation project at SEB.
“We are pleased to help our customers meet MiFID and Reg NMS regulations by offering an easy-to-implement solution”, says Laurent Useldinger, CEO of ULLINK. “Brokers are looking for off-the-shelf compliance to new regulations such as MiFID and Reg NMS: this new module is a perfect example of our constant effort at providing clients with ready-to-trade solutions. “
A brief resume of SEB:
SEB is a North European financial group for corporate customers, institutions and private individuals. SEB serves more than 400,000 corporate customers and institutions and more than five million customers in the Nordic and Baltic countries, Germany, Poland, Russia and the Ukraine. SEB also has strategic presence through its international network in another ten countries. More than half of SEB’s approximately 20,000 employees are located outside Sweden. On 31 December 2006, total assets amounted to SEK 1,934bn, while the Group’s assets under management totaled SEK 1,262bn. Read more about SEB at www.sebgroup.com
A brief resume of 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.