Ullink, a Paris-based provider of connectivity and trading solutions, has made its UL Bridge connectivity platform compliant with FIX 5.0, the preferred communication protocol for swap execution facilities (SEFs).
UL Bridge's capabilities now support all FIX message types and custom FIX extensions for versions 4.0 through 5.0.
FIX 5.0 has been chosen by the Global Fixed Income Committee for Trading between SEFs and banks in credit default swaps (CDS) and interest rate swaps (IRS).
In addition to supporting all versions of FIX, Ullink's new connectivity plug-ins for the SEFs also support the workflows for API Espeed-, OMnet- and Xstream-based application programming interface (API).
"We have worked closely with FIX Protocol since the inception of Ullink in 2001," says Laurent Useldinger, CEO of Ullink. "UL Bridge has always supported this industry language standard and we are pleased to provide the next generation of FIX to our clients, to improve their trading performance in the OTC swap markets."
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