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 analysis.
"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, Global Treasury.