Trading technology provider ULLINK has launched UL NET+, a hosted high-frequency direct market access (DMA) trading environment. The company already offers UL NET, an order routing network.
UL NET+ offers direct access to more than 35 equities and derivatives markets, real-time compliance and risk management, and the user’s choice of market data feeds. According to ULLINK, buy-side and sell-side institutions only need to connect once to UL NET+’s infrastructure to take advantage of all its global connections. The service is fully hosted, monitored and maintained by ULLINK.
The platform is already in production in Europe and the US, following testing by a number of pilot firms. The firm is also planning to expand the platform to Asia. “We are now building 15 market gateways to cover all the Asian markets to build a true universal link to the financial world,” said Laurent Useldinger, CEO of ULLINK, in a statement.
UL NET+ connects to exchanges, multilateral trading facilities and electronic communications networks in the US and Europe. “In addition to this global DMA coverage, UL NET+ users can also access our established UL NET destinations: 130 brokers around the world, as well as FX and fixed income destinations, through the same unique connection,” said Useldinger.
UL NET+’s hosted connectivity platforms are co-located near or at exchanges to reduce latency. High-frequency traders can also host their trading systems and applications in the same data centre to further increase speed. The new system is based on UL BRIDGE, a low-latency platform, and UL IRIS, a global real-time compliance and risk management system, which includes monitoring, alerts, and pre-trade order filtering.