The UMEX Gateway Xchange is a connectivity hub where traders and market participants, who are operating in the Islamic finance sector, can deal in real time in securities from over 50 exchanges around the world. UGx facilitates interaction between institutions, brokers, fund managers, markets, and even from system to system.

UGx™ operates a FIX connectivity network to executing brokers using ULLINK's proprietary technology that provides one with an easy neutral access to a wide list of global brokers, institutions, and liquidity destinations. It supports IOIs, trade orders and allocations. It is built on a high-end system architecture removing the need for data centres and a physical network infrastructure. UGx is supported by ULLINK in London, New York, Paris and Hong Kong, and provides a reliable solution for all connectivity and integration needs.

To complement the hub, UGx™ is connected to UMEX Trader™, a dedicated front end terminal powered by Infront and operated by UMEX Securities & Finance ltd. UMEX Trader provides real time data and execution capabilities to over 10,000 securities that are screened for Sharia compliancy.

With the new joint offering from a single point of access, clients of UGx™ and UMEX Trader™ can now trade with brokers executing trades on exchanges in a number of different regions around the world. Over 200 brokers on the buy side already have access to the UL NET community allowing them to send orders through a single entry point globally.UMEX expects that the hub will attract a number of top end mainstream broker dealer institutions in the coming months as well as a number of regional emerging market institutions.

UMEX will also soon offer an Islamic Exchange Gateway (IxG) that provides connectivity to the exchanges in OIC member countries around the world. This service is designed to assist market liquidity in these more exotic and far ranging markets that offer Sharia and Ethical compliant investments. With the introduction stments. With the introduction of the IxG service, clients connected to UGx™ will be able to access these markets and the opportunities they offer.

UGx™ has been created as a direct result of an increasing demand from Sharia centric clients to connect into a Sharia compliant environment.

"UMEX Capital Markets Group is particularly pleased with this new business partnership with ULLINK, that has mutual benefits for the client base of both firms," says, Mahesh Jayanarayan, CEO, "The offering represents a global network of market access, achieved with a powerful value proposition for all clients with regards to underlying technology and cost of sales. With this new joint service with ULLINK , UGx™ will become a unique single point of access for any Islamic firm or Sharia compliant market participant looking to trade into markets worldwide, with particular focus on Sharia compliant markets, without changing their end user application."