Version 2.3 of UL Monitoring adds new capabilities including enhanced support for position management and handling of split and multi-day trading sessions. The latest version has been significantly tuned to improve scalability, now handling hundreds of millions of messages per day.

UL Monitoring is widely-deployed by Brokers to monitor and manage their cross-asset retail and institutional electronic order flows in real-time. Across multiple asset classes, the full order life-cycle is captured and accessible from a single screen, which allows drill down to the underlying messages to assist with problem resolution. As well as rich functionality for searching and filtering orders by any message field, a library of configurable alarms pro-actively notifies traders of problems with individual or series of orders.

The solution integrates via a simple drop copy feed with existing client systems or directly with Exchange drop copy feeds, and can be deployed on client premises or as a fully managed service.

Speaking of the release Georges Gomes, Ullink’s Chief Technology Officer, said, “Our unique server-side monitoring engine continues to demonstrate tremendous improvements in every new version. Our decision to design the solution around server-generated real-time views, off-loading processing from end-user desktops, has resulted in fantastic improvements to the user experience. The system remains highly responsive under massive volume spikes without the need for high-end desktop workstations. We believe this is unique in the marketplace today.”

UL Monitoring is part of Ullink’s Low-Touch product suite which includes capabilities for message validation, enrichment and normalisation, exception management and order repair, pre-trade risk controls and much more. Even as a stand-alone, UL Monitoring adds huge value for post-trade monitoring and issue detection across high-volume electronic order flow.

Richard Bentley, Ullink’s Chief Strategy Officer, added, “We are seeing a big uptake in interest for Low-Touch solutions as more Brokers create electronic trading desks to handle growth in volume of lower-margin orders. Alongside regulatory requirements for capture of Exchange drop copies for risk management, the need for rich, scalable monitoring tools like UL Monitoring is becoming acute.”