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, NY, September 3, 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 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.
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, visitwww.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.wpengine.com or follow news of the company on Twitter at www.twitter.com/flextrade or LinkedIn at http://www.linkedin.com/company/flextrade?trk=top_nav_home.