ULLINK, provider of global transactional solutions for the financial community, today announced that Jefferies, the global investment bank for growing companies and their investors, selected its UL SMART solution to address the MiFID best execution requirements.
Jefferies International Limited, the UK subsidiary of US-based Jefferies Group, Inc, and the hub for Jefferies’ European activities, trades equities across the continent using ULLINK’s connectivity and order routing platform, the UL BRIDGE. In order to comply with MiFID, Jefferies has decided to enrich its existing trading environment with UL SMART, ULLINK’s best execution engine.
Fast implementation and easy integration are key advantages of this new module. Customers simply add it to their existing environment to meet MiFID’s exacting best execution requirements.
“As part of an ongoing commitment to our clients, Jefferies International is partnering with technology leaders such as ULLINK to stay well ahead of the curve on the far-reaching changes resulting from MiFID” says Bradley Duke, Senior Vice President and Head of ETS Sales at Jefferies International Ltd.
“We are pleased to provide our customers with off-the-shelf compliance to new regulations such as MiFID and Reg NMS”, says Laurent Useldinger, CEO of ULLINK. “To keep up with their competitors in today’s marketplace, brokers need to be able to quickly adapt their environments to evolving business needs and regulatory requirements.”