Ullink, a global provider of electronic trading and connectivity solutions to the financial community, has launched its MiFID II compliant trade reporting solution to help its clients meet regulatory requirements for greater accuracy in reporting and timeliness of data collection.Hundsun Technologies ("Hundsun"), China's leading supplier of financial software and network services, and Ullink, the global provider of connectivity and electronic trading solutions, today announced that Hundsun entered into an exclusive agreement with Ullink to connect its user community to the NYFIX Marketplace, Ullink's international trading network.
Integration between the Hundsun trading platforms and Ullink's NYFIX Marketplace will enable the Chinese financial community - asset managers, insurance companies, buy-side institutions, banks and brokers - to directly access the 700-strong international broker community connected to NYFIX. In addition, participants will be able to access services such as NYFIX TCA, NYFIX IOI and the NYFIX Store, and develop trading links to markets worldwide.
Broker-independent and vendor agnostic, Ullink's award-winning NYFIX Marketplace client connectivity service leverages a growing network of partners to fulfill its twin-track development strategy of global expansion and regional proximity. Ullink recently enhanced its regional Asia-Pacific infrastructure to offer resilient, secure NYFIX local order routing hubs. While reducing latency for intra-regional order routing, this also enables NYFIX clients to leverage local connectivity to access international capital markets.
For Hundsun Global Trading Network (GTN), "connection, innovation and value" are at the heart of the company's mission. Leveraging the latest breakthroughs in advanced financial trading technology, Hundsun GTN is strongly committed to building a financial market infrastructure adapted to a connected world. Hundsun GTN provides comprehensive, secure, compliant and professional financial IT solutions to connect financial institutions, the real economy and inclusive finance.
"Hundsun is honored to be working with Ullink", said Peng Zhenggang, Chairman of Hundsun Technologies. "We think it is crucial to expand the services offered to our clients and pro-actively assist them during the next phase of their growth. We are delighted to bring in Ullink's expertise in connectivity and benefit from their grounded experience in providing a seamless client experience for electronic trading services."
"Ullink has been present in Asia for more than 10 years now and I am delighted to expand our footprint in China, where we already provide services to a fast-growing client base", added Didier Bouillard, Ullink CEO. "We are further increasing Ullink investment in the region to support our growth plans by extending the NYFIX Marketplace presence in Asia-Pacific in 2017, launching new points of connection to offer more and better choices to our clients."
Hundsun is the latest partner to join the growing community of vendors managed under Ullink's Global Alliance Program (GAP) framework. This strategic partnership marks an essential milestone by anchoring Ullink's presence in China and taking the positioning of NYFIX as a global connectivity utility for the Capital Markets community one step further.
Founded in 1995, Hundsun Technologies Inc. ("Hundsun") is the premier software vendor for China's financial services industry. The company is successfully listed on the Shanghai stock exchange since 2003 (Stock code 600570). Hundsun focuses on the asset management industry, providing comprehensive financial IT solutions to brokers, assets managers, banks, insurance companies, securities exchanges and funds, while offering wealth management tools to individual investors. Hundsun has about 8000 employees, 80% of which about are developers, allowing the company to offer the highest professional standards to its professional services providing planning consultation, software development and implementation, system integration and system maintenance. Building on years of experience in providing IT solutions for financial institutions, Hundsun has developed a deep industry of the industry and remains devoted in delivering outstanding solutions and services to help drive innovation and development in financial institutions.
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 1500 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.