Ullink Implements FIXatdl Publishing System
The new algorithmic publishing and management tool enables broker-dealers to publish the details of their trading algorithms using an industry standard FIXatdl, says Mo Takhim, head of managed services at Ullink.
Previously, when sell-side firms wanted to introduce a new algorithm, they would have to send each buy-side client the new specification and then the client would need to write to those specifications, which could take months, explains Takhim. "When dealing with major execution
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