Jefferies International Limited, the UK subsidiary of US-based Jefferies Group, Inc, (NYSE: JEF) and the hub for Jefferiesâ European activities, trades equities across the continent using ULLINKâs 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, ULLINKâs 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 MiFIDâs 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 customersâ needs and expectations.
âAs 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 MiFIDâ says Bradley Duke, Senior Vice President and Head of ETS Sales at Jefferies International Ltd. âThe 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 frameworkâ.
âWe are pleased to provide our customers with off-the-shelf compliance to new regulations such as MiFID and Reg NMSâ, says Laurent Useldinger, CEO of ULLINK. âTo keep up with their competitors in todayâs 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. â