eFX trading technology solutions provider TradAir has announced that it has secured a contract with UOB Bullion and Futures (UOBBF). TradAir will provide the brokerage’s corporate, institutional and professional clients with TradAir’s fully hosted cloud based HTML5 eFX platform for trading leveraged FX, NDFs and Precious Metals.
UOBBF is the Singapore-based wholly owned brokerage arm of United Overseas Bank Limited, a leading bank in Asia with a global network of more than 500 offices in 19 countries and territories.
The contract win by TradAir follows deployment earlier this year of local servers, expansion of staff, and the opening of a local office in Singapore.
The platform provides UOBBF’s clients with 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.
The platform which can easily be configured to meet the workflow needs of corporate as well as professional and institutional clients, supports a range of trading styles and order types, including complex order strategies with trailing stops.
Paul Blank, TradAir
Commenting on securing UOBBF, 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.
Singapore, is the third largest FX centre after London and NY, with daily volumes approaching $380bn/day. As such, the region is home to many brokerage operations that offer leveraged FX trading.
TradAir’s real time pre-trade credit and margin engine, enables brokerages like UOBBF to better control their client’s leveraged access to FX liquidity, which in today’s increasingly volatile markets, ensures more robust and effective risk management, and positioning TradAir as an ideal solution for many of the brokerage firms in the region offering leveraged FX trading.