MarketPrizm and Ullink form partnership

Source: MarketPrizm

MarketPrizm, a leading provider of market data and trading infrastructure services today announced its partnership with Ullink, a global provider of connectivity and order management solutions.

Effective immediately, trading firms in Europe and Asia will be able to access MarketPrizm's market data and infrastructure services via Ullink's trading solutions.

Ullink's offering specializes in both high touch and low touch trading for buy-side and sell-side market participants through modular, front and middle office solutions globally. MarketPrizm provides low latency market data from multiple markets via a standardised interface, enabling it to be easily integrated into trading systems. In addition, clients can take advantage of MarketPrizm's hosting, co-location and related services at all major execution venues.

The partnership offers clients a simple end-to-end deployment from pre-trade, through execution decision support and order entry, to post trade analytics and reporting. By bringing together the two product sets, clients can deploy services more quickly with reduced integration testing, which leads to a decrease in both time and cost of deploying new trading strategies.

The combined offering lets MarketPrizm's low latency feeds power Ullink's UL IRIS for pre trade risk, UL SMART for best execution and liquidity seeking across multiple venues or any of the UL DESK screens, Ullink's trading front end. Ullink maintains over 400 ready-to-trade connections to popular destinations such as buy-side clients, brokers, exchanges, order routing networks, order management systems and trading applications - in multiple formats and across asset classes.

Commenting on the partnership, Tanuja Randery, Chief Executive Officer, MarketPrizm said, "Core to our strategy is building an ecosystem of partnerships with leading third party vendors. As a MarketPrizm customer you can easily benefit from these complementary services and we are delighted to be able to offer access to Ullink's highly regarded global trading systems. Equally, Ullink's customers can benefit from MarketPrizm's standardized API and low latency trading infrastruastructure. Together our firms can offer a highly cost efficient approach to support many different types of trading organization."

Laurent Useldinger, Chief Executive Officer of Ullink, said , "We are pleased to announce our partnership with MarketPrizm which will provide market data to our comprehensive high touch and low touch trading solutions. Both our existing and future clients are now able to benefit from an end-to-end trading system that features access to MarketPrizm's market data API. 

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