Ullink, the global provider of electronic trading and connectivity solutions to the financial community, and Alpha Omega, an innovator in post-trade technology, today announced a strategic partnership focusing on post-trade services for the buy-side.
The partnership results in a combined offering, NYFIX Matching, which integrates Alpha Omega’s suite of post-trade solutions with NYFIX’s connectivity and FIX infrastructure for trading.
Ullink’s NYFIX Network is one of the largest independent connectivity communities utilizing FIX for electronic order flow, with a strong reputation for security, performance and robustness. Alpha Omega has built its reputation as a leader in FIX-based post trade solutions for the investment management industry.
NYFIX Matching achieves true straight through processing by seamlessly connecting trade execution and post-trade utilizing the industry standard FIX protocol. Buy-side institutions can easily access NYFIX Matching through their existing NYFIX connections, as a fully-managed service. Through this service the buy-side can allocate and match their trades, accomplishing same-day affirmation with a global community of more than 700 brokers. This extension of the NYFIX service into post-trade will deliver processing efficiencies with significant cost savings over current solutions.
"We are delighted to partner with Alpha Omega and launch NYFIX Matching as part of our NYFIX services offering. Alpha Omega’s expertise in the area of FIX-based post-trade workflow is unrivaled in the industry, and we see the expansion of our NYFIX services into post trade as a major strategic move for our company, as well as a very valuable offering to our NYFIX community”, said Richard Bentley, Chief Product Officer of Ullink.
Ignatius John, President of Alpha Omega, added, “Ullink brings the perfect mix of FIX expertise, market-proven solutions and innovative spirit required to deliver services at the forefront of industry requirements. Ullink is an established global player in trade execution technology, and partnering with them enables us to support accelerated adoption of FIX as the de-facto standard for post-trade workflows across the industry.”
NYFIX Matching is available immediately for NYFIX buy-side customers.