Ullink, a global provider of market leading electronic trading and connectivity solutions, today announced that Kotak Institutional Equities (KIE), one of India's leading institutional brokers and a division of Kotak Securities has chosen Ullink’s UL Bridge connectivity solution.
KIE has chosen UL Bridge to facilitate FIX messaging, message enrichment and order routing, to enhance its existing connectivity infrastructure. UL Bridge’s uniquely modular architecture works in conjunction with KIE’s Order Management System (OMS), allowing KIE to provide better execution services to more clients, both locally and globally.
UL Bridge offers a wealth of trading features that, amongst others, enables the client to manage market throttles, process FIX baskets and aggregate trades into single execution reports. These features will offer a smoother execution experience to clients. UL Bridge also facilitates automatic distribution of orders between DMA, Algo, and Care desks. By adding a neutral messaging layer between clients’ and execution systems, UL Bridge facilitates the on-boarding of new counterparties and considerably speeds up time-to-market for KIE’s new clients.
Philippe Thomas, MD at Ullink, added: “We are continuously expanding our geographic reach and are excited to support Kotak Securities with our global, innovative trading solutions. With India in the spotlight as one of the most important and rapidly growing emerging markets, I am pleased that
Kotak Securities will be leveraging Ullink’s solutions to further strengthen its position as a leading financial services provider.”