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.

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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, 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 to help them better manage their global FX trading and risk.”