Nyfix (Nasdaq: NYFX), a trusted provider of innovative solutions that optimize trading efficiency and Ullink, a global connectivity and trading solutions provider, today announced their new partnership to integrate Ullink's dynamic algorithm publishing solution (UL REACH) with the Nyfix Marketplace, the industry's largest FIX-based global trading community.
The partnership will leverage the NYFIX Marketplace infrastructure to provide buy-side clients with instantaneous and seamless access to the most up-to-date broker algorithms.
The integrated platform offers buy-side firms desk-top access to the very latest broker algorithms from across the broker community. The buy-side simply selects the order strategy and their trade is then sent to the broker for execution via the NYFIX Marketplace. The service is fast and easy to implement, requires no additional software, and can be used with any buy-side trading system.
For sell-side members, this solution provides a central place to manage their library of algorithms. It allows brokers to publish algorithms to their clients automatically and cost effectively through a user-friendly interface.
Bob Moitoso, Global Head of FIX Division, NYFIX comments: "This exciting and innovative partnership provides another valuable service to the Marketplace community. It brings increased efficiency and order enrichment to buy-side firms and allows the sell-side to seamlessly reach the extensive, global Marketplace buy-side community. The partnership combines powerful and leading-edge technologies to deliver improved market efficiencies."
Laurent Useldinger, CEO, ULLINK adds: "This partnership extends the capability of ULLINK's algorithm solution and offers greater access to the buy-side. This makes it much easier for our own sell-side clients to trade, as they can extend their algorithmic capabilities to all NYFIX Marketplace clients."