TMX Group today announced that it has selected Ullink, a global provider of market leading connectivity and trading solutions to provide an enhanced pre-trade risk management and connectivity solution for its equity trading customers.
"We continue to work to improve the overall TMX trading experience for our broad range of customers," said Deana Djurdjevic, Senior Vice President, Equities Trading. "ULLINK's integrated solution will allow us to offer a robust suite of pre-trade risk controls to help participants comply with evolving Canadian regulatory obligations in a cost effective way, while also meeting the escalating performance demands of the marketplace."
The TMX Pre-Trade Risk Management Solution will enable participants to apply a variety of risk checks, trading limits and controls to their order flow, and will offer real-time monitoring of overall committed capital, open order exposure and intraday market risk exposure across all major Canadian equity venues. The flexible ULLINK platform also offers customers seeking a single point of access to all TMX equity marketplaces an efficient and integrated connectivity service.
"With constantly emerging challenges in today's market, staying ahead of risk management requirements is absolutely crucial to any trading operation" added Jeffrey Gangl, Managing Director, ULLINK Americas. "We are excited to be partnering with the largest exchange venue in Canada, enhancing TMX's existing pre trade risk offering while providing comprehensive, innovative trading technology solutions specifically geared to the Canadian market place."