ULLINK, a provider of global transactional solutions for the financial community, has announced that SEB has selected its UL Smart solution to address the best execution requirements in the Markets in Financial Instruments Directive (Mifid).
In order to be Mifid-compliant, SEB has decided to complement its existing trading environment with the UL Smart, ULLINK’s best execution engine.
Fast implementation and easy integration are key advantages of this new module. Customers add the module to their existing environment to meet Mifid or Reg NMS best execution requirements. As a single-process module embedded in the UL Bridge, the UL Smart makes decisions using real-time data from multiple sources, and routes orders according to user-defined best execution policies. Brokers use a graphical Best Execution Policy Designer to create custom policies that meet their customers’ expectations.