TORONTO, Feb. 11, 2014 /CNW/ - TMX Group today announced that it has selected ULLINK, a global provider of market leading connectivity and trading solutions to provide an enhanced pre-trade risk management and connectivity solution for its equity trading customers.
"We continue to work to improve the overall TMX trading experience for our broad range of customers," said Deana Djurdjevic, Senior Vice President, Equities Trading. "ULLINK's integrated solution will allow us to offer a robust suite of pre-trade risk controls to help participants comply with evolving Canadian regulatory obligations in a cost effective way, while also meeting the escalating performance demands of the marketplace."
The TMX Pre-Trade Risk Management Solution will enable participants to apply a variety of risk checks, trading limits and controls to their order flow, and will offer real-time monitoring of overall committed capital, open order exposure and intraday market risk exposure across all major Canadian equity venues. The flexible ULLINK platform also offers customers seeking a single point of access to all TMX equity marketplaces an efficient and integrated connectivity service.
"With constantly emerging challenges in today's market, staying ahead of risk management requirements is absolutely crucial to any trading operation" added Jeffrey Gangl, Managing Director, ULLINK Americas. "We are excited to be partnering with the largest exchange venue in Canada, enhancing TMX's existing pre trade risk offering while providing comprehensive, innovative trading technology solutions specifically geared to the Canadian market place."
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
ULLINK is a global provider of market leading multi-asset trading technology and infrastructure for buy-side and sell-side market participants. Trusted by over 150 of the world's top-tier banks and brokers, we provide consistent, reliable access to the most current and innovative solutions available. Since 2001, ULLINK has established itself as one of the fastest growing technology companies in the industry.
We are proud of our robust, cutting-edge infrastructure solutions developed entirely in-house. Our uniquely modular product offering was driven by our passion and ambition for sound development principles. We give clients the freedom to choose from modular products tailored to their individual needs, as well as fully serviced solutions for an entire trading infrastructure, supported by 14 data centers world-wide.
ULLINK manages over 450 trading platforms daily, is connected to more than 100 of the world's leading liquidity and exchange venues and offers over 700 different FIX and API adapters. Privately held, ULLINK has offices in New York, London, Paris, Hong Kong, Tokyo, Singapore, São Paulo, Cluj and Sydney.
SOURCE Toronto Stock Exchange