Paris – November 23, 2005 - Ullink, the Global Transactional Connectivity Provider working with the financial community, announced today that AXA Investment Managers has selected Ullink.net to handle the connections with its counterparties.
AXA IM, the buy-side firm, a world leader in financial protection and wealth management, uses algorithmic trading, this method requires volume handling and throughput, it is based on those criteria that AXA IM selected Ullink.net above other order routing networks.
AXA IM Trader, Stéphane Dahan says: "thanks to its easy-to-implement XML API, the Ullink.net team was able to connect our proprietary application to the network within an impressive timeframe. Furthermore, as our strategy is based on a multi-broker approach, the possibility to add FIX connections to brokers in only a matter of days is a strategic advantage for us. Being a member of the Ullink.net order routing network saves us the hassle of maintaining a FIX engine or the need to adapt our message format to the various versions and flavours of FIX, while providing us with excellent platform latency and an order book hosting facility."
Ullink.net is a multi-service provider, members do not only outsource their connectivity needs to a specialist, they also benefit from an innovative range of online tools such as connectivity monitoring, algorithm publication, on-line billing and the possibility to hold a record of executions.
"We believe that we need to foresee and adapt to our clients’ constraints to offer a straightforward connection to our network, this is why we developed three ways to connect using either: API XML, FIX or a Traderforce application," says Laurent Useldinger, CEO of Ullink. "Although answering clients’ demands is essential, anticipating them is the key to providing efficient and fast service".
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