Asset Management One Applied Ullink’s Xilix Pre-trade Risk and Compliance Solution
- Asset Management , Technical
- 01.02.2017 12:15 pm
Ullink, the global provider of electronic trading and connectivity solutions to the financial community, today announced that Asset Management One, the largest Asset Manager in Asia, has successfully deployed Ullink’s Xilix pre-trade risk and compliance service.
Formed in October 2016 as a merger of DIAM Asset Management, Mizuho Trust and Banking (asset management division), Mizuho Asset Management and Shinko Asset Management, Asset Management One, utilizing its comprehensive expertise, aims to provide the highest level of products and services for a vast variety of asset management needs. Key to this mission was the selection of a solution vendor that precisely understands the needs of domestic buyside clients as well as a flexible and comprehensive compliance solution.
The Ullink Xilix Execution Management System (EMS) is one of the most widely-deployed EMS in Tier 1 Japanese buy-side firms. The solution offers a complete trading solution for Direct Market Access (DMA), Algorithmic Trading and CARE as well as comprehensive risk, position management capabilities and top tier client service. Asset Management One selected Ullink’s Xilix Pre-Trade Risk and Compliance Service to perform pre-trade, cross order and large volume compliance checks on multiple orders across multiple different trading systems. At Asset Management One, Xilix supports best execution and transparency.
Hiroshi Yabuta, Asset Management One Executive Officer, IT System, Administrative Division Manager, and Trading Group Executive Officer comments: “We have been using Ullink’s Xilix service for a long time now. As a solution it was critical that Xilix not only have the appropriate functionality, but it have the long term development, customer trust, and same thought process we have with regard to scalability.”
Marcus Consolini, Ullink Managing Director, adds: “We are proud to be part of this new venture. We see it as a testimony of our success in combining the “Think Asia, Trade Asia” heritage - grounding our solution and services offering in Asia - and using the Ullink leverage to develop further the solution and offer the global perspective our clients may seek.”