UOB Bullion and Futures Chooses SunGard for Trading and Clearing

Managed Services Will Support Processes on Major Global Exchanges

matthew-png-uob
Matthew Png, CEO, UOB Bullion and Futures

UOB Bullion and Futures (UOBBF), the brokerage arm of United Overseas Bank (UOB), has deployed solutions provider SunGard's post-trade cross-asset processing solution and managed services to support its trading and clearing services on major global exchanges.

SunGard says its managed services will support UOBBF's cross-asset trading and post-trade processes, including clearing, custody and settlement, across Asian and global markets.

In the past year, UOB has expanded its derivatives business to major global exchanges, such as the Eurex Exchange, through clearing memberships. UOB is also the first Asian bank to offer clearing services for transactions on the Eurex Exchange.

Singapore-based CEO of UOBBF, Matthew Png, says: "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."

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here