November 19, 2017 7:31 AM ET

Software

Company Overview of ULLINK Ltd.

Company Overview

ULLINK Ltd. provides connectivity management, trading and order management, multiple source data display, and pre-trade risk management solutions. It offers Internet community platforms for electronic trading, generation of business monitoring tools, and financial broadcasts. Additionally, the company provides project management, software development and training, reporting, and product maintenance and support services. Its clientele include ABC Arbitrage, ABN AMRO, Capital Fund Management, Concorde, Goldman Sachs, and Equinet. The company caters to the financial services sector. The company was incorporated in 2004 and is based in London, United Kingdom with an additional office in New Yor...

Suite 106

1 Alie Street

London,  E1 8DE

United Kingdom

Founded in 2004

Phone:

44 20 7488 1655

Fax:

44 20 7269 1929

Key Executives for ULLINK Ltd.

Chief Executive Officer
Compensation as of Fiscal Year 2017.

ULLINK Ltd. Key Developments

ULLINK to Launch New MiFID II Solution for Systematic Internalisers

ULLINK has partnered with a leading European bank to develop a new solution for client quote management. The new solution, called UL QUOTE, is available to Brokers acting as a Systematic Internaliser (SI), enabling them to comply with MiFID II regulations concerning pre-trade transparency. With the introduction of MiFID II in January 2018, a SI acting as a liquidity provider in MiFID instruments must comply with new rules around client Request For Quote (RFQ) management, quote publication and reporting. ULLINK’s UL QUOTE solution is specifically designed to address these requirements. As a modular extension to ULLINK’s Order Management System (OMS), UL QUOTE enables a SI to receive cross-asset class RFQs and direct them to the most appropriate source of liquidity, including internal options. UL QUOTE also enables a SI to distribute multiple RFQs based on client orders to the market. The solution timestamps RFQs and attaches other data required for MiFID II reporting, and is fully FIX-compliant for easy interoperation with buy-side OMS and trading platforms. UL QUOTE extends the new product capabilities developed by Ullink for MiFID II compliance, following the launch of the UL PUBLISHER (for order data management and transaction reporting) and UL TRADE REPORTING (for real-time report generation and submissions to APAs) products announced earlier this year.

Ullink Bolsters MiFID 2 Transaction Reporting with Automated Post-Trade Data Management

Ullink has launched a fully automated post-trade data management solution called UL PUBLISHER, enabling market participants to report transaction data to relevant regulatory authorities, meet upcoming MiFID 2 regulation and create a centralised view of post-trade data across multiple asset classes and front-office electronic trading systems. For transaction reporting, MiFID 2 introduces requirements for more than 60 new data items to be reported, imposes new reporting logic, and places responsibility on both buy-sides and sell-sides to report under different reporting scenarios. New reporting destinations or Approved Reporting Mechanisms (ARMs) are also being created introducing new connectivity and integration requirements. To address this, Ullink’s UL PUBLISHER provides a centralised solution for post-trade data management which consolidates and standardises data across front-office trading systems, providing complete traceability of all actions performed on an order across different front-office order management, risk and execution systems. For transaction reporting, UL PUBLISHER connects firms to a wide range of ARMs for regulatory reporting of eligible, cross-asset class MiFID 2 instruments, and generates reports in specific formats required by the ARMs. The post-trade data captured and normalised by UL PUBLISHER can also feed a variety of downstream compliance workflows, including best execution, trade surveillance and order record keeping.

Ullink Launches MiFID II Trade Reporting Solution

Ullink has launched its MiFID II compliant trade reporting solution to help its clients meet regulatory requirements for greater accuracy in reporting and timeliness of data collection. Trade reporting reform is a core component of MiFID II. Under the new rules, details of all trades in eligible financial instruments (both equity and non-equity) need to be published to market participants in as close to real time as possible. In practice, for some instruments this means no later than 1 minute after the trade. With more than 15 years’ experience delivering trading solutions to capital markets firms, Ullink has fast-tracked the analysis of ESMA specifications to build an automated solution that will handle cross-asset class trade reporting requirements. The solution provides a central dashboard, providing status of reporting and ability to amend /cancel reports across multiple trade reporting venues operating under Approved Publication Arrangements (APAs). The solution includes Smart Report Routing logic for selecting amongst APAs based on business rules to optimize trade reporting costs.

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Recent Private Companies Transactions

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