Canadian exchange consortium TMX Group has selected Ullink, a Paris-based provider of connectivity and trading solutions, to provide a pre-trade risk management and connectivity solution for its equity trading customers.
The solution will enable participants to apply a variety of risk checks, trading limits and controls to their order flow, and will offer real-time monitoring of overall committed capital, open order exposure and intraday market risk exposure across all major Canadian equity venues. The Ullink platform also offers customers seeking a single point of access to all TMX equity marketplaces an integrated connectivity service.
"Ullink's integrated solution will allow us to offer a robust suite of pre-trade risk controls to help participants comply with evolving Canadian regulatory obligations in a cost effective way, while also meeting the escalating performance demands of the marketplace," says Deana Djurdjevic, SVP of equities trading at TMX.
While at Sibos Toronto, James shares some interviews covering topics on blockchain, fintechs and cybersecurity.Subscribe to Weekly Wrap emails