Strategic partnership offers allocation and post-trade matching as a service to NYFIX buy-sides
Ullink, the global provider of electronic trading and connectivity solutions to the financial community, and Alpha Omega, an innovator in post-trade technology, today announced a strategic partnership focusing on post-trade services for the buy-side. The partnership results in a combined offering, NYFIX Matching, which integrates Alpha Omega’s suite of post-trade solutions with NYFIX’s connectivity and FIX infrastructure for trading.
Ullink’s NYFIX Network is one of the largest independent connectivity communities utilizing FIX for electronic order flow, with a strong reputation for security, performance and robustness. Alpha Omega has built its reputation as a leader in FIX-based post trade solutions for the investment management industry.
NYFIX Matching achieves true straight through processing by seamlessly connecting trade execution and post-trade utilizing the industry standard FIX protocol. Buy-side institutions can easily access NYFIX Matching through their existing NYFIX connections, as a fully-managed service. Through this service the buy-side can allocate and match their trades, accomplishing same-day affirmation with a global community of more than 700 brokers. This extension of the NYFIX service into post-trade will deliver processing efficiencies with significant cost savings over current solutions.
"We are delighted to partner with Alpha Omega and launch NYFIX Matching as part of our NYFIX services offering. Alpha Omega’s expertise in the area of FIX-based post-trade workflow is unrivaled in the industry, and we see the expansion of our NYFIX services into post trade as a major strategic move for our company, as well as a very valuable offering to our NYFIX community”, said Richard Bentley, Chief Product Officer of Ullink.
Ignatius John, President of Alpha Omega, added, “Ullink brings the perfect mix of FIX expertise, market-proven solutions and innovative spirit required to deliver services at the forefront of industry requirements. Ullink is an established global player in trade execution technology, and partnering with them enables us to support accelerated adoption of FIX as the de-facto standard for post-trade workflows across the industry.”
NYFIX Matching is available immediately for NYFIX buy-side customers.
Ullink is a global provider of market leading multi-asset trading technology and infrastructure for buy-side and sell-side market participants, including NYFIX, one of the industry’s largest FIX based trading communities. Trusted by over 150 of the world’s top-tier banks and brokers, the company provides consistent, reliable access to the most current and innovative trading solutions available. Our multi-asset solutions allow you to connect to your desired markets, trade when and where you want, while being able to comply with global regulation. From our 10 offices covering all the major global financial centers, our team will advise on the best approach to address your challenges and deploy our technology.
Founded by prominent industry veterans, Alpha Omega provides innovative technology to make the post-trade process more efficient and cost-effective for the investment management industry. With over five decades of experience in portfolio management, trading and post-trade processes, Alpha Omega is uniquely positioned to bring advanced FIX-based technology to asset managers and broker/dealers. The company’s products directly connect counterparties to deliver fully automated allocation, confirmation and affirmation of trades for equities and fixed income securities.