Welcome!

News Feed Item

ULLINK to Acquire NYFIX and Metabit from Intercontinental Exchange

ULLINK, a leading provider of electronic trading solutions and connectivity to the financial community, has entered into an agreement to acquire NYFIX and Metabit from NYSE Technologies, part of Intercontinental Exchange (NYSE: ICE). The transaction, which is subject to regulatory approval, is expected to close in the third quarter of 2014.

The combination of ULLINK, NYFIX and Metabit creates a genuine player of real scale and a true challenger to the incumbent operators, offering new choice and sophistication to a global customer base. The combined business will be made up of 500 employees, with offices across many of the world’s leading trading centres, servicing over 2,000 clients. The new organisation will have combined revenues of over $130m.

Both NYFIX and Metabit are highly complementary to ULLINK’s existing strengths and will serve to accelerate the company’s growth ambitions. NYFIX’s proprietary trading technology, in particular its “MarketplaceTM” connectivity network, has a strong buy side customer penetration, which complements ULLINK’s core strengths in its sell-side platform offerings. Metabit is a leading Tokyo-based provider of high performance market access products in a unique but valuable community servicing the Asian market.

The strategic rationale for the transaction is very clear. The combination gives ULLINK enhanced buy-side penetration, a powerful footprint in the US market and increased access to the pan-Asian markets. It will also enable NYFIX and Metabit to benefit from ULLINK’s innovative product development values and an outstanding sales & marketing distribution network, whilst becoming part of a group dedicated to and wholly focused on the provision of global trading technology solutions.

The transaction further strengthens ULLINK’s position amongst the other global trading technology solution providers. It is ULLINK’s stated aim that together with NYFIX and Metabit, the combined group will reduce technology friction by being the normalisation layer for the enlarged community’s membership. By easing the buy side access to the sell side and continuing to provide leading edge solutions for the sell side, it is expected to ignite innovation across the spectrum. As the central hub of the community, ULLINK’s ambition is to be the premier technology partner, matching needs with innovative solutions.

The combined company will be merged to operate under the ULLINK brand and will continue to be led by ULLINK Founder and CEO Laurent Useldinger. The merging of the businesses will result in a well-balanced client community, a comprehensive and complementary product range and a deepening of expertise across global markets. Scott Fitzpatrick, COO of NYFIX will become MD of the NYFIX Services business line of the enlarged group and Daniel Burgin, CEO of Metabit, will become COO – ASIA for the enlarged group.

In March 2014, HgCapital, Europe’s leading private equity investor in mid-market technology companies, acquired a majority stake in ULLINK, investing alongside Laurent Useldinger and the current management team. The aim is to grow, both organically and by acquisition, a truly global provider of financial trading technology solutions.

Perella Weinberg Partners UK LLP acted as exclusive financial adviser to HgCapital in connection with the acquisition.

Laurent Useldinger, CEO and Founder of ULLINK commented:

“This is a transformational transaction for ULLINK which significantly accelerates our growth plans, while creating a true global player in the provision of trading technology products and services. The ULLINK, NYFIX and Metabit businesses and products represent an excellent strategic fit with each other. We also share a strong client led culture and commitment to both customer service excellence and leading edge technology. By building on the strengths that each company brings to this combination, I am confident we will continue to grow rapidly.

Our increased scale and strengths will produce a substantial challenger in the market, delivering benefits for the entire trading technology user base, across all asset classes. For the first time, the financial community will have real choice which will allow them to benefit from our collaborative style, exceptional technical expertise and truly innovative solutions.”

About ULLINK

ULLINK is a global provider of multi-asset trading technology and infrastructure for buy-side and sell-side market participants. Trusted by over 150 of the world’s top-tier banks and brokers, it provides consistent, reliable access to the most current and innovative solutions available. Since 2001, ULLINK has established itself as one of the fastest growing technology companies in the industry. ULLINK manages over 450 trading platforms daily, is connected to more than 100 of the world’s leading liquidity and exchange venues and offers over 700 different FIX and API adapters. ULLINK has offices in New York, Toronto, London, Paris, Hong Kong, Tokyo, Singapore, São Paulo, Cluj and Sydney. For further information, please go to www.ullink.com.

About NYFIX

A pioneer in electronic trading solutions, NYFIX continues to transform trading through innovation. The NYFIX Marketplace™ is a global community of trading counterparties utilizing innovative services that optimize the business of trading. A trusted business partner to the buy-side and sell-side alike, NYFIX enables ultra low touch, low impact market access and end-to-end transaction processing.

About Metabit

Built in Asia for Asia, Metabit’s portfolio of products has been designed exclusively for low-latency DMA trading solutions and exchange connectivity to markets in Asia, connecting buy side order flow with sell side exchange participants. Skilled with in-depth experience and understanding of financial markets in Asia, Metabit specializes in streamlined, low-latency technology solutions that enable industry-leading access to financial markets across Asia. Metabit’s products connect buy side order flow with sell side exchange participants and are designed exclusively for low-latency direct market access (DMA) and exchange connectivity to markets throughout Asia.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to ma...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, Doug Vanderweide, an instructor at Linux Academy, discussed why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers wit...
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...