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.
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