FlexTrade Selected by United Overseas Bank for Global FX Trading and TCA
FlexFX, MaxxTrader and FlexTQM to be Implemented as Complete FX Solution
GREAT NECK, N.Y. -- September 2, 2013
FlexTrade Systems, Inc., an international leader in multi-asset execution and
order management systems, today announced Singapore-based United Overseas Bank
Limited (UOB) has chosen MaxxTrader and FlexFX, its white label and
enterprise FX trading solutions, to facilitate global FX trading. In
conjunction, UOB will also implement FlexTQM, FlexTrade’s comprehensive
transaction quality management platform for real-time and historical
transaction cost analysis.
Used as a complete FX solution, MaxxTrader, FlexFX and FlexTQM will allow UOB
to cover the full trading life cycle, including price construction,
distribution, trade execution, hedging, position management and post trade
“By using FlexFX, MaxxTrader and FlexTQM as a comprehensive solution, UOB will
be able to successfully facilitate and navigate trading in the global currency
markets,” said Manish Kedia, Managing Director of FlexTrade Systems Pte. Ltd.
in Singapore. “MaxxTrader will serve as the aggregation and distribution
platform to UOB’s global branches while FlexFX and FlexTQM will be used for
market making, auto hedging and transaction cost analysis, respectively.”
“As Asian investors grow more affluent and sophisticated, we are seeing an
increase in demand for electronic trading in the region. In partnering with
FlexTrade, we will be able to offer our customers an enhanced FX trading
platform to help them better manage their global FX trading and risk,” said
Low Teck Ngee, UOB’s User Project Manager and Head of Demand Management,
About United Overseas Bank
United Overseas Bank Limited (UOB) is a leading bank in Asia with a global
network of more than 500 offices in 19 countries and territories in Asia
Pacific, Western Europe and North America. Since its incorporation in 1935,
UOB has grown organically through a series of strategic acquisitions. Today it
operates in Asia through its branches and representative offices as well as
banking subsidiaries in China, Indonesia, Malaysia, the Philippines, Singapore
and Thailand. For more information about UOB, visit www.UOBGroup.com.
About FlexTrade Systems, Inc.
Founded in 1996, FlexTrade Systems Inc. is the industry pioneer in
broker-neutral algorithmic trading platforms for equities, foreign exchange
and listed derivatives. With offices in North America, Europe and Asia,
FlexTrade has a worldwide client base spanning more than 175 buy- and
sell-side firms, including many of the largest investment banks, hedge funds,
asset managers, commodity trading advisors and institutional brokers. For more
information, visit FlexTrade Systems at www.flextrade.com or follow news of
the company on Twitter at www.twitter.com/flextrade or LinkedIn at
# # #
FlexTrade Systems, Inc.
James Tolve, 516-304-3601
Press spacebar to pause and continue. Press esc to stop.