UOB Bullion and Futures (UOBFF), the brokerage arm of Singapore-based United Overseas Bank (UOB), has adopted SunGard’s post-trade technology and managed services to support its trading and clearing operations on major global exchanges.
SunGard’s managed services will support UOBBF’s cross-asset trading and post-trade processes, including clearing, custody and settlement, across Asian and global markets.
“SunGard’s robust cross-asset solutions have allowed us to enhance the efficiency of our back-end operations for the trading and clearing of various asset classes including derivatives, foreign exchange and securities. This translates to a faster onboarding process and shorter time to market when creating investment opportunities and products for our customers,” says Matthew Png, CEO, UOB Bullion and Futures.
“Our managed services allow UOBBF to focus its talents on initiatives that will help differentiate it from its competition and help meet the needs of its clients and shareholders,” adds Nasser Khodri, managing director, Asia-Pacific, SunGard’s capital markets business.
In the last year, UOB has expanded its derivatives clearing business to major global exchanges include Germany’s Eurex, Chicago’s CME Group, and the Dubai Gold and Commodities Exchange (DGCX).
Singapore Broker Deploys SunGard’s Post-Trade Tech
UOB Bullion and Futures (UOBFF), the brokerage arm of Singapore-based United Overseas Bank (UOB), has adopted SunGard’s post-trade technology and managed services to support its trading and clearing operations on major global exchanges.
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