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BT Radianz, a leading global provider of financial services connectivity, announced today that ULLINK, a global transactional connectivity provider, will utilize the BT Radianz Shared Market Infrastructure to deliver ULLINK’s new best execution engine, the UL SMART.

The UL SMART best execution engine analyzes all the relevant information to make decisions according to the client's MiFID-compliant execution policies, and to route orders to the best execution destination or combination of destinations. The UL SMART allows investment firms to design custom execution policies based on the requirements of different customer groups and order types. It also keeps a record of all trade-related data to prove that the order was executed in the most favorable way for the client, as required by MiFID. This partnership with BT Radianz will provide ULLINK with direct access to a community of international financial institutions impacted by the directive.

Régis Castagné, Sales Director, Continental Europe, BT Radianz, said: “The need for financial institutions to prove best execution in their deals is a cornerstone of the MiFID directive and we’re pleased that ULLINK has chosen the BT Radianz shared market infrastructure to expand their service offering. MiFID is one of the most important changes to the European financial services sector in recent years and fundamentally alters the way that European markets work and how firms communicate with each other. BT Radianz’s shared market infrastructure is an optimal resource for those institutions looking to distribute and receive their services to the meet these new regulatory demands.”

Laurent Useldinger, CEO, ULLINK, said: “Our best execution solution helps customers serenely address the tricky requirements of MiFID. By working with BT Radianz, we are able to expand our services to a broader international community. Using the UL SMART, our customers will enjoy unrivalled speed and efficiency in automating their best execution requirements.”