Jefferies selects Ullink for MiFID best execution

Investment bank Jefferies is to use Ullink's UL Smart software to meet the best execution requirements of the EU's Markets in Financial Instruments Directive (MiFID).

Be the first to comment

Jefferies selects Ullink for MiFID best execution


This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Jefferies will add the UL Smart module to the vendor's connectivity and order routing platform, UL Bridge, which the bank deployed at its UK operations last year.

As a single-process module embedded in UL Bridge, UL Smart makes decisions using real-time data from multiple sources, and routes orders according to user-defined best execution policies. Ullink says brokers can use a 'best execution policy designer' to customise policies to meet the needs of clients.

Bradley Duke, SVP, head of ETS sales, Jefferies International, says: "The UL Smart solution fits neatly into our existing infrastructure, allowing Jefferies to provide smart order routing services to our global DMA clients within the best execution framework."

Earlier this year Ullink formed an alliance with other technology vendors, including Sun Microsystems and Avitis, to offer financial services firms an integrated MiFID service.

Sponsored [On-Demand Webinar] The Future of Plastic - The Rapid Evolution of Card Payments

Comments: (0)

[Webinar] Why Predictive AI turns 3DS into a hidden profit driverFinextra Promoted[Webinar] Why Predictive AI turns 3DS into a hidden profit driver