Newedge Implements Ullink’s Post-Trade Monitoring Solution
Ullink, a global provider of market leading connectivity and trading solutions, announced on 3 March that Newedge, a global leader in multi-asset brokerage and clearing, has added UL Monitoring, a post-trade monitoring solution, to its direct market access (DMA) platform in Asia.
UL Monitoring provides an aggregated and detailed view of client trading activities in real-time post trade capacity. In today’s world, transparency and reporting are crucial. Ullink’s monitoring system allows for constant risk exposure monitoring, therefore providing full control, audit and interaction with trading systems at any given moment.
“With trading activity that spans global markets on a wide array of platforms, effective trade surveillance with superior client order transparency takes center stage,” commented Brad Giemza, Senior IT Director at Newedge. “By adding UL Monitoring to our suite of applications, we can now efficiently monitor and affect client orders on a single screen, which significantly enhances trading risk mitigation for our DMA clients in Asia-Pacific.”
Philippe Thomas, Managing Director for Asia at Ullink, said: “Newedge is one of the premier electronic trading brokers in the world and we are proud to support their client-centric platform with our innovative and bespoke technology solutions. UL Monitoring combines robust architecture with superior flexibility, giving Newedge the technology to help their clients to stay ahead of the field in an ever changing and fast paced market environment.”