Ullink, a global provider of market leading electronic trading and connectivity solutions to the financial community, today announced the launch of a pioneering Drop Copy and Trade Risk Mitigation service that will provide buy-side and sell-side firms with a ready-to-use solution to reduce trading risk, improve client service and help meet regulatory requirements.
New regulatory requirements, in addition to existing business drivers, have added pressure on firms to establish a system that can effectively monitor market positions and reconcile primary trading logs against exchange drop copies. Minimising trade risk has been on top of the agenda for most trading firms over the last decade. Ullink’s Drop Copy service is a key solution to risk management. In addition, the service also enhances the end user’s experience, allowing them to act more quickly and in real-time to help preserve capital in situations when it matters most.
With Ullink’s Drop Copy and Trade Risk Mitigation Service clients can monitor trading activity and exposure independent of their front office trading systems. At the same time, it provides the ability to terminate trading sessions and cancel orders when required. Clients can receive drop copies from all their global trading venues and brokers via a single, normalised FIX interface, thus providing an independent golden source of trade data. This golden data source can be used to feed many different solutions, such as market abuse systems, Best Execution, surveillance and reconciliation software.
Recently, Ullink has successfully implemented a trade risk mitigation solution for one of its existing clients. The client was looking for a partner to help monitor its global trading activity and Ullink’s solution stood out as one of the most flexible and adaptable in the market. A post trade monitoring platform that has the capacity to not only independently monitor over 50 million trades a day, but also cancel orders from multiple locations and asset classes was required.
“We are delighted with the positive feedback from top tier clients following the release of our Drop Copy and Trade Risk Mitigation product. It is very encouraging to see that our heavy investment into research and development to create the most advanced regulatory solution has paid off.” commented Philippe Thomas, Ullink’s Chief Sales Officer.