TradAir, the Israeli company providing software solutions for forex trading announced it will supply the Singapore-based brokerage UOB Bullion and Futures (UOBBF) with its HTML5 cloud based forex, non-deliverable forwards (NDF) and precious metal trading platform eFX.
The platform will be available to UOBBF’s corporate, institutional and professional clients and will provide them with access to deep levels of forex liquidity from major bank and non-bank liquidity providers. The platform has web and mobile trading interfaces and is easily configurable for various trading needs.
“UOBBF are a highly respected Singapore brokerage, and securing them as a client, is a testament to the competitive strength of our solutions,” said Paul Bank, VP of marketing at TradAir. “Earlier this year, we deployed local servers in Singapore, opened of 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.”
Singapore, is the third largest forex trading center after London and New York, with daily volumes approaching $380bn/day.
UOB Bullion and Futures is established in 1978, is a wholly-owned subsidiary of United Overseas Bank (UOB), a leading bank in Asia with a global network of more than 500 offices in 19 countries and territories. A fully-licensed futures broker, UOBBF is a fully-licensed broker and provides trading access to leveraged forex, bullion, over-the-counter (OTC) derivatives, futures and options, commodities and securities on all major exchanges in the world. Its diverse client base includes retail investors, high net worth individuals, corporate and institutional clients, as well as hedge funds.
TradAir was established in 2010 and is based in Tel Aviv. It also has offices in London, New York and Singapore. It offers a wide array of software – white-label trading platform, rate engine, price creation and distribution tools, mobile trading tools and trading analytics tools.
Last year TradAir closed a $15 million growth equity round led by Long Ridge Equity Partners. TradAir’s existing venture capital investors, Carmel Ventures and Genesis Partners, also participated in the round.