Product
UL SMART - MiFID solution
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Overview
Best execution is one of the most critical topics of both the Markets in Financial Instruments Directive (MiFID – European Union) and the Regulation National Market System (Reg NMS – United States). The answer is UL SMART: simply add this module to your connectivity environment to comply with these regulations. The UL SMART offers:
Full compliance
- Client classification (custom best execution policies by client / client type)
- Best execution across multiple execution venues (combination of destinations)
- Proof of best execution (all logs are stored in a single database)
- Benefits all your customers
Seamless integration
- Embedded in the UL BRIDGE connectivity and order routing platform
- Access to all real-time data vendors and execution venues on a plug-and-play basis
- Supports all asset classes and all messages formats
A grid architecture, all in process
- Extreme scalability
- High throughput
- Ultra-low latency
- Optimal performance
User-friendly
- Graphical Best Execution Policy Designer to create custom best execution policies
- Adapts to your business logic (combination of price, cost, speed, etc.)
- Supports all FIX versions and all industry-favourite formats
In a constant effort to provide comprehensive solutions, we have partnered with six major technology companies to form the Open MiFID Alliance (LINK TO OMA) and with SAS for a fully-integrated Best Execution solution (link to SAS).
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