22 January 2018
visit www.ebaday.com

Ullink introduces MiFID-ready execution engine

20 July 2006  |  1127 views  |  0 Source: Ullink

The Markets in Financial Instruments Directive (MiFID) implies changes in the organization and IT systems of the market players.

One of the provisions of these changes is the best execution requirement. Following this regulation and in the interest of investors, one or more best execution policies will be designed by sell sides, searching for the best execution conditions for client orders.

"To help our customers adapt to the MiFID regulation we have developed the Ullink Best Execution Engine. Thanks to the ULBridge and its 250 connectors to order routing networks, order management systems and exchanges in all asset classes, this engine will be easily integrated to clients' environments," says Laurent Useldinger, Chief Executive Officer of Ullink.

The Best Execution Engine is proposed as a new module in the ULBridge's software suite. Embedded within the ULBridge, the Best Execution Engine is:

  • Multi market data (quotes, MTFs, ECNs)
  • Multi execution venue (exchanges, order books, brokers)
  • Multi message format (FIX, FAST, API)
  • Multi asset class


This engine has a very low latency in routing orders to the best execution destination according to the company's MiFID policy.

"All our solutions are developed on a modular mode. The Best Execution Engine offers the possibility for each company to design their best execution policy, they can also create several best execution policies based on different customer groups (retail/professional) or on different order types."

To help customers be fully MiFID compliant, the Best Execution engine keeps a record of all the necessary data to prove that the order was executed at the most favourable terms of execution.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.fivedegrees.nlvisit www.vasco.com

Top topics

Most viewed Most shared
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
8789 views comments | 14 tweets | 14 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
8783 views comments | 12 tweets | 12 linkedin
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
8681 views comments | 37 tweets | 44 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
7758 views comments | 16 tweets | 11 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job