UOB Deploys Chronicle for FX Pricing

United Overseas Bank has deployed Chronicle Software’s EFX solution for its FX pricing and risk engine.

The new engine will be based in Singapore, fulfilling a pledge the bank made in late 2020 to establish the service in the city state.

“Through our new electronic FX pricing and trade engine, UOB is well-positioned to help our customers seize opportunities arising from the strong institutional FX flows in Asia and Singapore’s status as a fast-growing FX trading hub,” says Leslie Foo, head of group global markets at UOB. “Our collaboration with Chronicle combines their technological capabilities with UOB’s deep understanding of our customers’ FX trading needs. Using Chronicle’s solution as the building blocks, we will continue to deepen our capabilities to provide our customers with faster access to global FX markets.”