Alantra Equities adds ULLINK’s OMS and connectivity hub

Spanish broker is the first of several new clients for ULLINK in the region.

A Spanish investment bank and asset management firm has implemented high-touch and connectivity services from ULLINK within its equities broker division.

Alantra Equities, formerly known as N+1 Equities, went live with ULLINK’s order management system (OMS) and its NYFIX connectivity hub prior to the 3 January MiFID II deadline.

ULLINK’s OMS, ODISYS, provides traders with front office and pre-trade risk tools, including transaction cost analysis (TCA) and best execution reporting.

The NYFIX Connectivity hub community consists of buy-side, sell-side and trading venues through the NYFIX order routing network.

Alantra opted to replace its existing platform with a service that allowed for more specialised institutional broking and to ensure compliance with MiFID II, which recently came into effect across Europe.

“We are confident the implementation of our new, state of the art connectivity and trading platform will enable us to fulfil our customers’ needs, grow our business, and maintain regulatory compliance whilst efficiently controlling our total cost of ownership,” said Adolfo Ximenez de Embun from Alantra Equities.

According to ULLINK, the deal is the first of several new customers as it looks to expand its footprint in the Iberian region.

“Our approach, which is based on tailoring our solution to customers’ specific needs by selecting only modules they require and integrating with other vendor and in-house solutions where necessary, is key to this kind of platform replacement project,” Philippe Thomas, ULLINK’s managing director for EMEA, added.