Winterflood Securities, a London-based specialist market-making firm is now live on Chi-X after connecting to the pan-European trading venue via trading connectivity provider ULLINK.
Winterflood has used ULLINK’s UL BRIDGE connectivity and order routing platform for over a year and its connection to Chi-X is one of three ULLINK DMA gateways the firm has implemented in response to client demand.
ULLINK recently added an order management system to the UL BRIDGE platform, which provides exception management, a pre-risk trade filtering module and direct market access to the London Stock Exchange.
“In this rapidly evolving industry, it is essential to be able to quickly adapt the Winterflood electronic trading environment, Win-X, without impacting the outstanding service our clients have come to expect,” said Philip Yarrow, electronic trading director of Winterflood Securities. “We selected the ULLINK technology, after a comprehensive review of the technology available in this space, for the modularity that it offers. Connections can be added, removed or modified without changing the underlying infrastructure. This feature allowed us to simply add the Chi-X Europe plug-in to our trading platform and go live in a matter of days.”
“Our technology is plug-and-play, and we offer an extensive library of 350 ready-to-trade connections to favourite destinations, including direct market access to more than 35 major exchanges, to help our customers quickly adapt to evolving business needs and regulatory requirements,” added Laurent Useldinger, CEO of ULLINK.