Ullink connects SEB to FX markets

Source: Ullink

Ullink, the Global Transactional Connectivity Provider working with the financial community, announced today that it has been selected by SEB(Skandinaviska Enskilda Banken AB) to now provide connectivity for their FX business around the world.

SEB is a leading European Financial group that trades multi asset classes in multiple FIX versions using Ullink's connectivity and order routing platform, the ULBridge.

SEB selected this solution for its scalability, it enables the company to connect trading applications and executions venues via FIX.

"The ULBridge offers our clients a single entry, it receives, normalizes and routes orders to the appropriate destination according to our business rules. It is a "best of breed" platform for market connectivity that enables us to deal with the many FIX versions present amongst our clients and create bespoke multi asset class and Prime Brokerage solutions for our customers," says Steve Earl, SEB Global eFX and Hedge Fund Services. "The ULBridge is also giving us direct access to the leading FX Electronic Communication Networks (ECNs), enabling us not only to send orders but also to receive and forward Executable Streamed Prices (ESPs) to the desired counterparty."

Ullink offers direct access to the following ECNs: Currenex, Reuters FX, EBS and Baxter. Lava, HotSpot and FXall connections are currently being developed.

"Customers like SEB are the perfect example of the ULBridge's adaptability. The platform's "middleware concept" enables our clients to connect all business units and exchange information regardless of the format," says Laurent Useldinger, CEO of Ullink. "Our solution is constantly evolving due to the platform's significant central role across our customers' global architecture. We have been developing direct access to multiple markets and ECNs, to improve the service to our clients and add value to their electronic trading solution."

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