Ullink and Alpha Omega have teamed up to integrate their tools to produce a post-trade processing service for the buy-side, NYFIX Matching.
NYFIX Matching integrates Alpha Omega’s post-trade unit with Ullink’s network – which incorporates FIX for electronic order flow – to allow buy-siders to match and allocate trades.
Buy-side firms can access NYFIX Matching through their existing NYFIX connections and gain access to a global community of over 700 brokers, both parties explained.
Richard Bentley, chief product officer at Ullink, said the expansion of its NYFIX tool into post-trade is a “major strategic move for our company.”
Ignatius John, president at Alpha Omega, added that Ullink brings “the perfect mix of FIX expertise, market-proven solutions and innovative spirit required to deliver services at the forefront of industry requirements.”