Citi and Morgan Stanley sign for Ullink's algo publication tool

Source: Ullink

ULLINK, leading provider of global transactional solutions for the financial community, today announced that Citi’s Alternative Execution business in EMEA and Morgan Stanley, have selected the UL REACH solution to publish algorithms to their buy-side customers.

UL REACH is an innovative solution for the automatic and instantaneous publication of algorithms to the buy-side community. Using UL REACH, brokers automatically certify and publish their algorithms only once to make them instantly available to all their clients in real time, whatever trading system or routing network they use. Integrating in FIX with existing buy-side EMS and OMS, UL REACH means brokers no longer need to adapt to multiple buy-side environments.

On the Buy Side, UL REACH users benefit from new strategies in real time without having to wait for an upgrade of their system. They simply browse through their broker's library to enrich their orders with algorithmic parameters. Operations on both sides (broker and client) are performed in a user-friendly graphical environment.

Richard Evans, Citi Head of EMEA Alternative Execution said: "We focus on providing clients with outstanding and innovative services. As interest in algorithmic trading is growing across the buy-side community, UL REACH allows our customers to benefit from Citi's algo research and strategies in real time, thus further increasing our reactivity and level of customer service."

Eli Lederman, Managing Director and Head of Electronic Trading Services at Morgan Stanley, says of UL REACH: "Our Buy-Side clients can now instantly use our latest algorithms and benefit from new advanced strategies. UL REACH is empowering technology for our clients, who want their OMS to be a window onto the full functionality of their brokers. With UL REACH, they get that. This positions us well to provide the best possible services even as market structures change rapidly and new algorithms evolve in kind."

UL REACH is very flexible as brokers can add, update or delete algorithms and parameters dynamically. Beyond removing vendor dependency, this web-based solution also adapts to existing trading environments. The Buy Side connects to the service through their existing connection to their broker, or through a third-party trading network.

"ULLINK keeps on innovating in an effort to provide its clients with flexible solutions which address their current and future business needs. UL REACH has received industry-wide attention and we have no doubt that the next developments on UL NET will have the same success" concluded Laurent Useldinger, CEO of ULLINK.

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