Ullink, the global provider of electronic trading and connectivity services, now provides direct connectivity to trueEX, a leading interest rate swap execution facility (SEF). Ullink’s multiprotocol connectivity platform UL Bridge will provide its clients with real-time access and efficient onboarding to the award-winning trueEX platform.
trueEX is one the fastest growing SEFs, supporting 18 currencies, made available to trade (MAT) and non-MAT swaps. To date, it has executed $1.8 trillion in trading volumes and over $10 trillion notional in post-trade services.
“Our collaboration with trueEX demonstrates our commitment to providing the trading community with cross-asset connectivity to the broadest range of execution venues,” said Philippe Carré, Global Head of Business Development. “We deliver fast, efficient access to liquidity, which has never been more important than at this time of unprecedented market structure change.”
“We have continuously enhanced our execution and post-trade services over the last year and have gained a great deal of traction with both the buy and sell-side,” said Tom Curley, Head of Onboarding, trueEX. “By teaming up with Ullink, we can provide even greater access to our industry-leading platform while enhancing the level of support for our expanding global client base.”
Ullink’s connectivity platform provides clients with rich normalisation capabilities, intelligent order routing, as well as validation and translation features. UL Bridge’s architecture is based on a modular principle that is extremely flexible during the implementation process, which meant the integrating with trueEX’s infrastructure was executed efficiently and quickly.