FlexTrade Selected by UOB To Provide FX Trading And TCA
- Multi-asset execution and order management systems provider FlexTrade has announced today that it has been selected by Far Eastern bank UOB to provide FX trading and transaction cost analysis.
Technology provider FlexTrade Systems is furthering its concentration on the facilitation of OTC FX trading solutions to financial institutions.
Today, the company announced that Singaporean financial institution,United Overseas Bank Ltd (UOB) has chosen MaxxTrader and FlexFX, the company’s white label and enterprise trading solution.
In conjunction, UOB will also implement FlexTQM, which is FlexTrade’s comprehensive transaction quality management platform, for real-time and historical transaction cost analysis (TCA).
Just last month, FlexTrade completed an integration with OTC Link’s ATS trading system, in order to incorporate its capabilities into existing broker-dealer workflows for clients using FlexTrade’s sell-side OMS products, further alluding to FlexTrade’s focus on increasing its presence in the OTC segment.
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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, 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.”
In a commercial statement today, Low Teck Ngee, UOB’s User Project Manager and Head of Demand Management, Global Treasury, explained that “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 Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term to help them better manage their global FX trading and risk.”
Technology provider FlexTrade Systems is furthering its concentration on the facilitation of OTC FX trading solutions to financial institutions.
Today, the company announced that Singaporean financial institution,United Overseas Bank Ltd (UOB) has chosen MaxxTrader and FlexFX, the company’s white label and enterprise trading solution.
In conjunction, UOB will also implement FlexTQM, which is FlexTrade’s comprehensive transaction quality management platform, for real-time and historical transaction cost analysis (TCA).
Just last month, FlexTrade completed an integration with OTC Link’s ATS trading system, in order to incorporate its capabilities into existing broker-dealer workflows for clients using FlexTrade’s sell-side OMS products, further alluding to FlexTrade’s focus on increasing its presence in the OTC segment.
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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, 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.”
In a commercial statement today, Low Teck Ngee, UOB’s User Project Manager and Head of Demand Management, Global Treasury, explained that “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 Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term to help them better manage their global FX trading and risk.”