ULLINK partners with LiquidMetrix
February 8, 2018

ULLINK, a global provider of electronic trading and connectivity solutions to the financial community, says it has extended its successful partnership with LiquidMetrix to deliver MiFID II (markets in financial instruments directive II) best execution reporting to multiple European sell-side clients. It says the solution, UL PUBLISHER for Best Execution, teams ULLINK's fully-automated, post-trade data management hub with the LiquidMetrix Workstation for MiFID II best execution reporting.

MiFID II Regulatory Technology Standards (RTS) 28 lays down rules for sell-side institutions and private banks to produce best execution reports for clients and regulators. Firms must extract relevant trade data from their order management systems (OMSs) and reconstruct the full history of each client order, including any derived or child orders. ULLINK says the solution takes advantage of UL PUBLISHER's ability to gather, normalize and enrich data from multiple front-office systems including but not limited to ULLINK's own High Touch and Low Touch OMS.

ULLINK already leverages LiquidMetrix for its NYFIX TCA buy-side solution, available to members of ULLINK's NYFIX community. Mark Ford, LiquidMetrix General Manager, said: "One of the key elements in performance measurement is the level of integration and access to the relevant data points from the underlying system which our partnership with ULLINK provides and enhances the value of the services we offer".

Alantra Equities, DZ PRIVATBANK, Portzamparc and UniCredit are amongst the clients already live with UL PUBLISHER for Best Execution; a number of clients also leverage UL PUBLISHER for other use cases including Transaction Reporting, Trade Surveillance and Order Record Keeping.

"For sell-side firms, the combined solution offers a flexible service that can be adapted to clients' exact needs and configurations," said Vincent Le Sann, Managing Director Equity Capital Market at Portzamparc.

Frank Tüffers, Head of Integrated Execution Services at DZ PRIVATBANK, added: "The ability to enhance our ULLINK connectivity and trading infrastructure to achieve delivery of best execution services, quickly and with zero disruption, greatly reinforces the value of our long-term partnership with ULLINK."

Richard Bentley, Chief Product Officer for ULLINK, said: "Early in our analysis of MiFID II we identified the need for centralized management and normalization of post-trade data, and took the decision to build a specific product for this purpose. By making UL PUBLISHER easy to integrate with both data providers and consumers like LiquidMetrix, our customers are now seeing the power of this approach."

 





This site, like many others, uses small files called cookies to customize your experience. Cookies appear to be blocked on this browser. Please consider allowing cookies so that you can enjoy more content across globalcustody.net.

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

ULLINK, a global provider of electronic trading and connectivity solutions to the financial community, says it has extended its successful partnership with LiquidMetrix to deliver MiFID II (markets in financial instruments directive II) best execution reporting to multiple European sell-side clients. It says the solution, UL PUBLISHER for Best Execution, teams ULLINK's fully-automated, post-trade data management hub with the LiquidMetrix Workstation for MiFID II best execution reporting.

MiFID II Regulatory Technology Standards (RTS) 28 lays down rules for sell-side institutions and private banks to produce best execution reports for clients and regulators. Firms must extract relevant trade data from their order management systems (OMSs) and reconstruct the full history of each client order, including any derived or child orders. ULLINK says the solution takes advantage of UL PUBLISHER's ability to gather, normalize and enrich data from multiple front-office systems including but not limited to ULLINK's own High Touch and Low Touch OMS.

ULLINK already leverages LiquidMetrix for its NYFIX TCA buy-side solution, available to members of ULLINK's NYFIX community. Mark Ford, LiquidMetrix General Manager, said: "One of the key elements in performance measurement is the level of integration and access to the relevant data points from the underlying system which our partnership with ULLINK provides and enhances the value of the services we offer".

Alantra Equities, DZ PRIVATBANK, Portzamparc and UniCredit are amongst the clients already live with UL PUBLISHER for Best Execution; a number of clients also leverage UL PUBLISHER for other use cases including Transaction Reporting, Trade Surveillance and Order Record Keeping.

"For sell-side firms, the combined solution offers a flexible service that can be adapted to clients' exact needs and configurations," said Vincent Le Sann, Managing Director Equity Capital Market at Portzamparc.

Frank Tüffers, Head of Integrated Execution Services at DZ PRIVATBANK, added: "The ability to enhance our ULLINK connectivity and trading infrastructure to achieve delivery of best execution services, quickly and with zero disruption, greatly reinforces the value of our long-term partnership with ULLINK."

Richard Bentley, Chief Product Officer for ULLINK, said: "Early in our analysis of MiFID II we identified the need for centralized management and normalization of post-trade data, and took the decision to build a specific product for this purpose. By making UL PUBLISHER easy to integrate with both data providers and consumers like LiquidMetrix, our customers are now seeing the power of this approach."

 



Free subscription - selected news and optional newsletter
Premium subscription
  • All latest news
  • Latest special reports
  • Your choice of newsletter timing and topics
Full-access magazine subscription
  • 7-year archive of news
  • All past special reports
  • Newsletter with your choice of timing and topics
  • Access to more content across the site

More on:  Technology update