Ullink Extends OMS with Broker Solution for SI Regime

Modular extension for SI compliance to Ullink OMS aims to simply quoting process for brokers under new regulations.

Paris-based Ullink has launched three additions to its OMS platform this year, including UL Quote, ahead of January's Mifid II deadline.

The UL Quote solution has been designed in collaboration with an undisclosed European bank, which will also act as the first Ullink client to implement, and aims to simplify the management of client RFQ (request-for-quote) workflows for brokers in accordance with the new rules around systematic internalizers (SIs) under the revised Markets in Financial Instruments Directive, or Mifid II.

The solution’s modular design was built to further extend the vendor’s order management system (OMS) and

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