Traderforce, leading provider of financial information platform for markets professionals, and Ullink, specialist of transactional connectivity management and technology leader in the FIX protocol Arena, today announced the launch of their common offer for Buy-Side Order Routing.
Ullink and Traderforce have joined their expertise to distribute an innovative, fully-hosted and cost-effective solution for market data, trading systems and global connectivity targeted to connect Traderforce's current and prospective buy-side clients with Ullink.net brokers' community.
Traderforce and Ullink provide Buy-side clients with a glo

bal multi-broker order routing service enabling both manual order entry and direct FIX channel to client's OMS.
Under the partnership, Traderforce designs a powerful thin-client Trading Application mixing market data and trading features and allowing to enter, monitor and control multiple order types in real time. Based on Traderforce's ASP and thin client technology, the Trading Application requires neither installation nor local infrastructure.
Ullink manages a fully-hosted Trading Platform supporting multi format order routing and order management in a resilient environment with support by dedicated staff. The Trading Platform enables to connect and submit buy-side orders and handle broker's order book.
Buy-side clients will be able to route to direct market access (DMA) brokers or to agency brokers (Care orders with specific instructions).
In addition, Traderforce and Ullink offer Sell-side clients with a broker-branded Trading Application designed for brokers' clients, mixing a specific market data set and order-entry features.
Traderforce and Ullink solution is delivered via Radianz network, secured Internet IP VPN or leased line networking facilities.
The first release of this solution will be available in November and deployed at a leading European Asset Manager before the end of 2004.
Jean-Michel Blanco, Chief Executive Officer of Financial Innovative Technology – Traderforce comments: "This partnership with
Ullink aligns perfectly with our strategy to extend our functional scope to order routing and portfolio management. We will benefit from the FIX protocol market expertise and the "ready to deal" broker's community of Ullink. Ullink and Traderforce offer a state of the art order routing solution, allowing to trade electronically, track the status of orders, manage post-trade processing and many other services like global order book management."
"Traderforce and Ullink have similar profiles" says Laurent Useldinger, Chief Executive Officer of Ullink. "They are both technology leaders and innovators in their fields. They are both growing rapidly and gaining strong market recognition around their respective solutions. It made sense for us to join efforts and build a solution that truly addressees the market need for a fully functional, flexible and reasonably priced order routing front-end."