TradAir, a front office technology provider, has signed a contract to
supply UOB Bullion and Futures (UOBBF) with its platform for trading leveraged
FX, non-deliverable forwards and precious metals.
UOBBF is the Singapore-based
brokerage arm of United Overseas Bank Limited.
“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,” TradAir says in a statement.
The platform supports a range
of trading styles and order types, including complex order strategies with
trailing stops, it adds. Trailing stops are stop orders that can be set at a
given percentage away from a security’s market price.
“Earlier this year, we deployed local servers in Singapore, opened a
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,” Paul Blank, VP, marketing at TradAir says.
Singapore is the third largest
FX centre after London and New York, with daily volumes approaching $380 billion/day, the