Imported from previous forum
Paris – February 20, 2006 - Ullink, the Global Transactional Connectivity Provider working with the financial community, announced today that it has been selected by SEB (Skandinaviska Enskilda Banken AB) to now provide connectivity for their FX business around the world.
SEB is a leading European Financial group that trades multi asset classes in multiple FIX versions using Ullink’s connectivity and order routing platform, the ULBridge.
SEB selected this solution for its scalability, it enables the company to connect trading applications and executions venues via FIX.
“The ULBridge offers our clients a single entry, it receives, normalizes and routes orders to the appropriate destination according to our business rules. It is a “best of breed” platform for market connectivity that enables us to deal with the many FIX versions present amongst our clients and create bespoke multi asset class and Prime Brokerage solutions for our customers,” says Steve Earl, SEB Global eFX and Hedge Fund Services. “The ULBridge is also giving us direct access to the leading FX Electronic Communication Networks (ECNs), enabling us not only to send orders but also to receive and forward Executable Streamed Prices (ESPs) to the desired counterparty.”
Ullink offers direct access to the following ECNs: Currenex, Reuters FX, EBS and Baxter. Lava, HotSpot and FXall connections are currently being developed.
“Customers like SEB are the perfect example of the ULBridge’s adaptability. The platform’s “middleware concept” enables our clients to connect all business units and exchange information regardless of the format,” says Laurent Useldinger, CEO of Ullink. “Our solution is constantly evolving due to the platform’s significant central role across our customers’ global architecture. We have been developing direct access to multiple markets and ECNs, to improve the service to our clients and add value to their electronic trading solution.”
A brief resume of SEB:
The SEB Group is a North European financial group for corporate customers, institutions and private individuals with ten home markets in the Nordic and Baltic countries, Germany, Poland and the Ukraine. SEB has 680 branch offices and 5 million customers, of whom approximately 2 million use the internet for their banking transactions. On 30 June 2005, the Group’s total assets amounted to SEK 1,800bn while its assets under management totalled SEK 1,012bn. The Group is represented in some 20 countries around the world and has a staff of about 20,000. Read more about SEB at www.sebgroup.com.
A brief resume of Ullink:
Ullink (www.ullink.com), the architect of the modular transactional connectivity concept (ULBridge) is the industry leader in its field. Having a library of thousands of connectors (plug-ins) developed and supported worldwide, Ullink is one of the true global FIX solution providers. With complete monitoring (Odisys), integrated risk control system (ULIris), and native connections to each of the major exchanges, ECNs and liquidity providers, Ullink’s product suite is an industry proven solution.
Consultancy and support are fully integrated providing our customers with scalable services that comply with the most demanding of requirements.
Our flexible solutions are also available in ASP mode through our Ullink.net network (www.ullink.net).