Alantra Equities goes live with ULLINK’s MiFID II compliance solutions
Latest news
Alantra Equities goes live with ULLINK’s MiFID II compliance solutions 01 February 2018Paris Reporter: Jenna Lomax
Image: Shutterstock
Alantra Equities, a Spanish equities broker, has gone live with ULLINK’s order management system (OMS) ODISYS and NYFIX connectivity hub.
ULLINK provides trading technology and infrastructure for buy-side and sell-side market participants.
Formerly known as N+1 Equities, Alantra went live with ODISYS and NYFIX in advance of the second Markets in Financial Instruments Directive (MiFID II) deadline to ensure compliance with the new regulation.
Alantra’s implementation of ULLINK’s OMS allows Alantra’s traders access to front office and pre-trade risk capabilities.
The ULLINK OMS offers pre-trade and post-trade transaction cost analysis and best execution reporting, with integration from partner solutions provided by OTAS and LiquidMetrix.
Commenting on the selection of ULLINK, Adolfo Ximenez de Embun at Alantra Equities, said: “The breadth of [Alantra’s] offering across trading and connectivity met our needs for a modular but well-integrated solution.”
He added: “We are confident the implementation of our new, state of the art connectivity and trading platform will enable us to fulfill our customers’ needs, grow our business, and maintain regulatory compliance whilst efficiently controlling our total cost of ownership.”
Philippe Thomas, ULLINK’s managing director for Europe, the Middle East and Africa, commented: “We are delighted to partner with Alantra Equities, a leading Spanish brokerage. Our huge investment in upgrading our products for MiFID II is paying off and we continue to attract new customers looking to replace their existing platforms.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 