Jefferies International Limited, the UK subsidiary of US-based Jefferies Group, Inc, (NYSE: JEF) and the hub for Jefferies’ European activities, trades equities across the continent using ULLINK’s connectivity and order routing platform, the UL BRIDGE. In order to comply with MiFID, Jefferies has decided to enrich its existing trading environment with UL SMART, ULLINK’s best execution engine.
Fast implementation and easy integration are key advantages of this new module. Customers simply add it to their existing environment to meet MiFID’s exacting best execution requirements. As a single-process module embedded in the UL BRIDGE, UL SMART makes decisions using real-time data from multiple sources, and routes orders according to user-defined best execution policies. Brokers use a graphical Best Execution Policy Designer to create custom policies that meet their customers’ needs and expectations.
“As part of an ongoing commitment to our clients, Jefferies International is partnering with technology leaders such as ULLINK to stay well ahead of the curve on the far-reaching changes resulting from MiFID” says Bradley Duke, Senior Vice President and Head of ETS Sales at Jefferies International Ltd. “The UL SMART solution fits neatly into our existing infrastructure, allowing Jefferies to provide smart order routing services to our global DMA clients within the Best Execution framework”.
“We are pleased to provide our customers with off-the-shelf compliance to new regulations such as MiFID and Reg NMS”, says Laurent Useldinger, CEO of ULLINK. “To keep up with their competitors in today’s marketplace, brokers need to be able to quickly adapt their environments to evolving business needs and regulatory requirements. This new module is a perfect example of our constant effort at providing clients with ready-to-trade and easy-to-implement solutions. “