Ullink supports Jefferies' best execution quest

Jefferies, the global investment bank, has implemented Ul Smart, a Ullink system said to address Mifid's requirements for best execution. The application fits into the bank's existing environment and Ul Smart then makes decisions using real-time data from multiple sources, routing orders according to user-defined best execution policies. Brokers use a graphical best execution policy designer to create custom policies that meet their customers' needs.