Headquartered in New York, ESP provides broker-neutral global order routing, post-trade management technology and centralized aggregated settlement services to the buy-side community.
UL REACH enables ESP clients to enrich electronic order flow through a web-based platform, route to algorithmic destinations and also allow brokers to modify strategies independently. This solution provides the buy-side a single-screen access to any broker strategy connected to UL NET and to ESP.
âAs the sell-side continues to introduce new algorithms and trading strategies, the buy-side is finding it harder to keep up with the pace of change. The ULREACH platform enables ESP to ensure that our buy-side customers always have the latest broker services on their desktop,â said ESP Managing Director, Robert Sher. â
This solution for instant algorithm distribution enables brokers to manage their libraries of strategies online, easily adding and modifying algorithmic parameters. New or modified strategies can be instantly published to buy-side clients, either in their own trading application or through the UL REACH web station. The broker may also elect specific clients in the distribution process, thus enabling further refinement of broker-to-client relationships.
âBeing able to choose from extensive libraries of ready-to-use complex strategies is a breakthrough in the way the Buy-Side handles broker selection,â explained Laurent Useldinger, CEO of ULLINK. âUL REACH deployment at client sites is non-intrusive and does not require any integration with existing IT infrastructures. Buy-Side clients can therefore benefit from UL REACH instantaneouslyâ.