Eight Institutions Achieve Low Latency Best Ex with Ullink’s MiFID Solution
Eight European financial institutions went live on November 1 with the MiFID-compliant best execution solution UL SMART from France-based connectivity provider Ullink, and according to the vendor the execution latency they are achieving is impressive. Among the eight firms are Banco Santander, CM-CIC Securities, Jefferies, KAS Bank and SEB. “After a full week in production at eight client sites, we are witnessing exceptionally low levels of best execution latency, down to 2 milliseconds for large volumes at one of our Tier 1 brokers,” says Georges Gomes, CTO of Ullink. “Our strategy of embedded decision making and market data caching proves the right choice: it allows our clients to comply with MiFID best execution requirements without sacrificing the execution latency of their existing solution,” he adds.
Technorati Tags: Ullink, MiFID, best execution, UL SMART, Banco Santander, CM-CIC Securities, Jefferies, KAS Bank, SEB, market data caching
