Partnership extends existing relationship with FIX-based post-trade support for Enfusion's buy-side customers
ULLINK, a global provider of electronic trading and connectivity solutions to the financial community, and Enfusion, leading provider of innovative, cloud-based investment management software solutions, today announced a new solution for users of Enfusion's Integráta buy-side Order & Execution Management System (OEMS).
The new solution utilizes ULLINK'S NYFIX network to automate allocation and post-trade confirmation/affirmation workflows, generating significant efficiency and cost benefits for Enfusion clients. Through an extension of Enfusion's Integráta platform, users can now leverage NYFIX to send allocation instructions and automatically match broker confirmations in near real-time - seamlessly catching errors and inhibiting costly trade breaks. The new solution also gives Integráta users fully-integrated Straight-Through-Processing (STP) across asset classes, applicable to both domestic and international trade flows.
Enfusion President, Jason Morris notes "With the move to T+2 settlement later this year for US equities and general shrinking of settlement windows world-wide, our clients demand additional support for automating their allocation and affirmation workflows. Based on our strong partnership with ULLINK and the scale, flexibility and reliability of the NYFIX network, our close integration of Integráta and NYFIX for post-trade allows us to provide the most efficient and cost-effective solution for clients."
ULLINK's Global Business Development Manager, Philippe Carré, added, "We are delighted to extend our partnership with Enfusion from order routing to post-trade. Based on analysis of our own message traffic, the usage of FIX for allocation and post-trade workflows is becoming widespread. The flexibility of our NYFIX network to support all FIX message types across all common FIX versions and asset classes is key to our growth in this area, and we expect that growth to accelerate as more firms move to FIX to automate their post-trade processes."
Enfusion's market leading solution, Integráta, is the premiere investment management platform, seamlessly integrating multi-asset class solutions for front, middle and back office through a single data set. ULLINK's award-winning NYFIX network is recognized as one of the most secure, performant, reliable networks in the industry. With a global trading community of more than 1,500 member firms, NYFIX provides buy-side institutions with access to domestic and international brokers across all asset classes using industry-standard FIX protocol.
NYFIX MATCHING is a FIX post-trade allocation and mathcing service. It leverages the NYFIX network and FIX protocol to facilitate intra-day allocations and streamline post-trade processing, while mitigating end-of-day risk.
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.