📋 Tender Overview
UOB announced that it has deployed Chronicle Softwares Chronicle EFX solution for its electronic foreign exchange FX pricing and trade engine. ThroughChronicles technology UOB has the ability to take advantage of reduced latency via co-location connectivity to improve price discovery and to enhance pricing capability. In doing so UOB is able to provide customers in ASEAN and across its global network access to more competitive FX pricing.The FX pricing engine which is located in Singapore also supports the countrys ambitions to become an e-trading FX hub in the region.Mr Leslie Foo Head of Group Global Markets UOB said Through our new electronic FX pricing and trade engine UOB is well-positioned to help our customers seize opportunities arising from the strong institutional FX flows in Asia and Singapores status as a fast-growing FX trading hub. Our collaboration with Chronicle combines their technological capabilities with UOBs deep understanding of our customers FX trading needs. Using Chronicles solution as the building blocks we will continue to deepen our capabilities to provide our customers with faster access to global FX markets.Mr Peter Lawrey CEO of Chronicle Software said We are delighted to support UOB in their FX business and we look forward to continue our close working relationship with them. Chronicles EFX solution offers reliability ease of deployment and speed of development. We are pleased to be able to help UOB deliver their solution to market quickly and our recently added Singapore office3 will be able to provide strong local support.
