Japan’s Daiwa Securities Co. Ltd. selects Ullink’s Middle Office solution to support Equity Allocations and Confirmations via FIX

Tokyo - 26 October 2015

Ullink, a global provider of electronic trading and connectivity solutions to the financial community, today announced that Daiwa Securities, one of the leading Financial Services firms in Asia, has selected Ullink’s Middle Office solution (UL Middle) for deployment across its Asia-Pacific Equities electronic trading operations.

Ullink’s highly scalable and flexible solution will extend Daiwa Securities’ use of FIX to fully-automate middle office, post-trade workflows. UL Middle will manage and streamline all FIX-based allocations in real-time, related to the “Low-Touch” Direct Market Access (DMA), Algorithmic and “High-Touch” Cash/Program order flows from Daiwa Securities’ Tier 1 client base.

Daiwa Securities required a solution that would provide their clients with a full, FIX-based electronic post-trade service, to reduce processing time and facilitate straight-through processing. Ullink’s solution also greatly accelerates identification and resolution of matching errors with trading counter-parties.

“We have been looking for a solution to fully automate our electronic trading business from executions through to allocations/confirmations, in order to offer our clients the best possible solution to streamline their operations,” commented Takashi Futawatari, Executive Director at Daiwa Securities. “Ullink’s UL Middle solution has impressed us with the rich functionality and full support for the FIX protocol post-trade workflow that should allow easy integration with our clients’ systems and contribute to eliminating errors and saving cost/time in our post-trade operations.”

Philippe Thomas, Ullink’s Chief Revenue Officer added, “Ullink’s Middle Office product set is one of the most agile and flexible in the market. We worked closely with Daiwa Securities to develop a tailored solution capable of processing its Asia-Pacific Equities order flow, and scaling to accommodate Daiwa Securities’ fast-growing client base.”

UL Middle provides an end-to-end solution to streamline middle office workflows, increasing automation and promoting Same Day Affirmation (SDA) in shortened settlement environments. The solution manages Equities, Listed Derivatives and Fixed Income from deal capture to allocation, confirmation and settlement, for High-Touch and Low-Touch flows. UL Middle can be deployed stand-alone or in partnership with Ullink’s High-Touch and Low-Touch Order Management suite, on-site or as a fully-managed, hosted service.

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