Leading Asian bank, United Overseas Bank (UOB), has recently announced that it has deployed Chronicle Software’s EFX solution for its electronic FX pricing and trade engine. Through Chronicle’s 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.
Mr Peter Lawrey, CEO of Chronicle Software, said, “We are delighted to support UOB in their FX business and we look forward to continuing our close working relationship with them. Chronicle’s 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 office will be able to provide strong local support.”
UOB deploys Chronicle Software’s EFX solution
