Singapore-Based UOBBF Deploys TradAir’s e-FX Platform ‎

TradAir, a leading provider of Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-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 Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, 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. ‎

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.‎

Regional Expansion

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.”‎