Radianz, the leading global provider of financial connectivity services, and Ullink, the European leader of global transactional connectivity management, today announced that the Ullink.net services will be available via Radianz's shared market infrastructure of more than 10,000 financial services sites worldwide.
By Ullink offering buy-side FIX connectivity services through Radianz, its financial community will gain further access to Ullink's technology and service provision for transactional connectivity. Already processing millions of transactions per day on existing client sites, including most of the largest global brokers, the Ullink core technology – the ULBridge - is now available in ASP mode to enable financial institutions to rely on certified experts to build, enhance and ensure their FIX connectivity needs.
"We have been offering access to our various clients through Radianz for more than four years; all via one resilient connection and through its fully managed service solution," said Laurent Useldinger, Chairman & C.E.O. of Ullink Inc. "As Ullink is a leading expert in transactional connectivity to the buy-side community and Radianz is the market leader in financial services connectivity, elevating our business to the Provider level is a natural step in a long and mutually beneficial relationship."
The Ullink services includes a comprehensive set of monitoring tools (connectivity status, statistical data on performance) and connection to new counterparties regardless of an institution's FIX version or rules of engagement, within unrivalled time frames. The Ullink Network supports all asset classes, FIX versions, and message types, and can enable FIX connectivity to "non-speaking FIX" trading applications.
"The industry's view of connectivity has changed," said Stéphane Leroy, Radianz Western Europe business development director. "As more market participants move away from the traditional point-to-point model for connectivity and trading protocols to a shared infrastructure, they are using Radianz."