Imported from previous forum
Paris – April 18, 2007 - ULLINK, leading provider of global transactional solutions for the financial community, today announced that UBS Investment Bank 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 on the platform to make them instantly available to their clients. Integrating via FIX with any EMS or OMS, UL REACH means brokers no longer need to adapt to multiple buy-side systems.
On the Buy Side, clients will benefit from the broker’s latest strategies without having to wait for a new software release. 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.
Tim Wildenberg, Head of Direct Execution Services for Europe at UBS Investment Bank, says of UL REACH: “With Buy side interest in algorithmic and direct execution constantly growing we were looking for an innovative solution to empower our clients with our advanced algorithmic products in an almost real time fashion. The UL REACH solution enables us to do this while by-passing the need to adapt every client system for every custom modification, enhancement or new algorithm. It gives both us and our clients far more flexibility and most importantly will allow our clients to get trading with our new tools and services quicker”.
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. Buy Side clients connect to the service through their existing point-to-point connection to their broker 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 UBS
UBS is the leading global wealth manager, a top-tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. UBS is present in all major financial centers worldwide. It has offices in 50 countries, with about 39% of its employees working in the Americas, 35% in Switzerland, 16% in the rest of Europe and 10% in Asia Pacific. UBS’s financial businesses employ some 78,000 people around the world. Its shares are listed on the SWX Swiss Stock Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).
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.