Data management software provider NeoXam is providing buy-side customers with direct electronic access (DEA) to brokers for order execution through Ullink’s NYFIX Capital Markets Connectivity Utility.
The arrangement strengthens an existing partnership with Ullink and allows asset manager and private bank users of NeoXam’s order and execution management systems to automatically access the services offered to the NYFIX trading community of over 1,500 participants without the need to build their own connectivity solutions. The services include advanced analytics, monitoring and post-trade processing delivered on-demand via the NYFIX portal.
Roland Tuffier, NeoXam’s front office product director, explains: “Embedding Ullink’s NYFIX network is an important step in enhancing our value proposition for the buy-side community. It aligns with our best of hybrid approach combining technology components, expertise and deployment services.”
The move comes as regulatory reform creates greater incentive for buy-side firms to use electronic platforms. NeoXam’s previous agreement with Ullink made it an OEM partner able to integrate and distribute Ullink’s APPIA FIX engine within its NeoXam Manager solution.