Ullink, global supplier of end-to-end connectivity and trading solutions, today became a fully-certified provider of Direct Market Access (DMA) connectivity technology to SmartPool, the multi-lateral trading facility set up by Nyse Euronext, BNP Paribas, HSBC, and JPMorgan.
SmartPool is dedicated to trading large blocks of stocks in 14 different European markets and ULLINK's gateway will support the full scope of functionality provided by the alternative platform as of the launch of this new trading service.
Yvette Roozenbeek, head of Strategic Development at NYSE Euronext, said "With the trend for trading in smaller sizes on central order books in Europe, SmartPool will offer institutional order flow a competitively-priced alternative trading venue for trading block orders of European stocks, ensuring minimal market impact on a low latency trading platform. ULLINK's connectivity technology has proved able to leverage SmartPool's innovative approach, and we are pleased their clients will be able to trade through our new platform from launch."
"ULLINK is looking forward to providing certified connectivity to SmartPool", said Laurent Useldinger, CEO of ULLINK. "Combined with our other DMA gateways, ULLINK users will be able to trade across all of NYSE Euronext's pools of liquidity, both light and dark. Our gateway to SmartPool is the latest extension of UL NET+, our hosted, maintenance-free high-frequency DMA trading ring. With UL NET+, users connect only once to our high-speed infrastructure and instantly access the world's largest and most liquid regulated markets and alternative venues, in all asset classes."