NYFIX, acquired by Ullink from the New York Stock Exchange in 2014, provides a hub connecting around 1,500 trading partners to trading venues.
The partnership is intended to give NYFIX’s 800 buy-side members access to high-quality independent research through the Smartkarma platform, which connects to 135 investment research firms across 15 Asian markets.
Post-trade analytics services will also be available to all buy-side NYFIX members.
The deal comes as a response to the increasing need for non-conflicting research and transparent pricing among buy-side market participants, driven by new regulations such as the second Markets in Financial Instruments Directive.
Smartkarma co-founder Jon Foster said: “Ullink’s NYFIX community is one of the largest trading communities in the world, and we are excited to offer access to our research services for its members, helping them to develop more effective trading strategies and understand market movements in real time.”
Philippe Carré, global head of business development at Ullink, added: “Smartkarma targets the macro trend for unbundling payment for research and execution services, and provides an innovative approach based on collaborative contributions from its community.”
“We believe our NYFIX buy-side community will benefit hugely from access to this service, and integration with our NYFIX Portal makes such access seamless.”