NEW YORK & SYDNEY--(BUSINESS WIRE)--Ullink, a global provider of electronic trading software and services, today announced deployment of UL Bridge software by the Australian Securities Exchange (ASX) for FIX-based market data and order routing services to market participants.
UL Bridge, from Ullink, is a connectivity and routing platform that translates and sends financial trading-based messages to a variety of destinations, including: exchanges, brokers, buy-side firms, trading applications, order management systems and routing networks. The Financial Information eXchange (FIX) Protocol, is a messaging standard developed specifically for the real time electronic exchange of securities transactions.
Phill Jeffrey, Managing Director, Ullink said: “The speed, flexibility and normalization of UL Bridge has enabled ASX market participants to migrate to the new service with minimal impact. ASX has seen a significant improvement in latency from its previous vendor system. This decision confirms UL Bridge as the premier connectivity platform in the market.”
Andrew Lennox, ASX General Manager, Markets and Technology said: “Our objective is to provide the world’s best connectivity solutions to our market participants. The implementation of the ASX Trade FIX Gateway utilizing UL Bridge is an important step in this on-going program.”
A global firm, Ullink’s Asia Pacific offices are situated in Sydney, Hong Kong and Tokyo. The company’s extensive list of regional and global exchange points, accessible via UL Bridge, is of key significance to the growing market segment of high frequency traders.
UL Bridge enables users to manage client and market connectivity from a single platform. More than 450 plug-and-trade destinations and over 45 direct market access points make UL Bridge a significant connectivity hub for market centers and participants. UL Bridge accepts multiple message formats including proprietary APIs and all versions of FIX. Clients of Ullink also leverage UL Bridge in pre-trade risk management; algorithmic trading, smart order routing, monitoring and exception management.
About ASX Group
ASX Group is a multi-asset class, vertically integrated exchange group, and one of the world’s top-10 listed exchange groups measured by market capitalisation.
ASX’s activities span primary and secondary market services, central counterparty risk transfer, and securities settlement for both the equities and fixed income markets. It functions as a market operator, clearing house and payments system facilitator. It oversees compliance with its operating rules, promotes standards of corporate governance among Australia’s listed companies and helps to educate retail investors.
ASX’s diverse domestic and international customer base includes issuers of securities and other financial products, investment and trading banks, fund managers, hedge funds, commodity trading advisers, brokers and proprietary traders, market data vendors and retail investors. By providing its systems, processes and services reliably and fairly, ASX generates confidence in the markets that depend on its infrastructure. This is integral to ASX’s long-term commercial success.
More information on ASX can be found on www.asxgroup.com.au.
About Ullink
Ullink is an independent software and managed services firm, focused on electronic trading needs of market participants (buy-side, sell-side, high frequency) and liquidity destinations globally.
Clients benefit from Ullink’s modular front- and middle-office solutions, across all asset classes, encompassing low latency, algorithmic and direct market access trading; connectivity and order routing; order management; and trading risk management. The Ullink client experience is grounded in access to the most current and innovative technology of its kind available in the industry today. Clients link their existing applications to Ullink’s UL BRIDGE connectivity platform, select desired destinations and begin trading. Ullink provides low latency DMA to a growing roster of liquidity destinations.
Ullink offers a menu of solutions deployable in-house, via the UL NET global routing network or as a fully-managed service (UL NET+). Fiber-optic connectivity and co-location with select execution venues gives UL NET+ a low latency performance record, while the system’s full redundancy and ongoing monitoring by Ullink ensures high availability. UL NET+ also includes an advanced pre-trade risk component to filter orders and monitor positions globally.
Privately held Ullink services its clients, including top-tier global financial institutions, from offices in New York, São Paulo, London, Paris, Hong Kong, Tokyo and Sydney.
For more information on Ullink’s software and services please visit www.ullink.com or contact sales@ullink.com.