TradAir, a leading provider of cloud-based trading technology solutions, has expanded its footprint in the institutional scene after securing a new contract with the brokerage arm of United Overseas Bank Limited, UOB Bullion and Futures (UOBBF), according to a TradAir statement.
TradAir’s HTML5 eFX platform provides UOBBF’s clients with the ability to trade leveraged FX, NDFs and precious metals. In addition, customers of the Singapore-based brokerage will have access to deep levels of FX liquidity, sourced from major bank and non-bank liquidity providers, delivered via TradAir’s market leading web and mobile trading interfaces.
TradAir’s technology, which can be integrated into existing trading systems, provides financial institutions with the ability to enhance their client relationships and participation in the global markets, creating new revenue streams and reducing costs.
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Established in 1978, UOBBF provides trading access for a comprehensive suite of products including leveraged foreign exchange, over-the-counter (OTC) derivatives, futures and options, commodities and securities on all major exchanges in the world.
TradAir positioned itself as an ideal solution for many of the brokerage firms in the region as the company already deploys servers locally in Singapore. The co-location greatly improves the competitiveness of the service and the quality of FX liquidity that clients can offer to their customers. Singapore is one of the largest FX nexuses in the world, behind London and New York, with daily volumes approaching $380 billion on a daily basis. TradAir has also offices in London, New York and Tel Aviv.
Commenting in the press release, Paul Blank, VP Marketing at TradAir, said: “UOBBF are a highly respected Singapore brokerage, and securing them as a client, is a testament to the competitive strength of our solutions. Earlier this year, we deployed local servers in Singapore, opened of local office and expanded our support staff, all of which demonstrate our strong commitment to service the needs of the brokerage community in Singapore and the APAC region.”