Wall Street Systems, Inc., has expanded its presense into Asia, providing its treasury and capital markets services to Thailand-based United Overseas Bank Public Company Limited.
The implementation provides the bank with full front- to back-office processing for foreign exchange (FX) and money markets transactions, including spot, forward, swaps and pro-rated time options, and also money market transactions, including interest rate swaps and cross currency swaps.
United Overseas Bank (UOB) in Singapore has been a client of Wall Street Systems for five years, and UOB (Thai) is the second regional satellite of the bank to go live on The Wall Street System following its implementation in Hong Kong.
“Through the migration to a single trading and risk management platform we will benefit from increased efficiency, scalability and flexibility,” said Susan Hwee, executive vice president of information technology at UOB.