UOB Bullion and Futures (UOBBF), the brokerage arm of United Overseas Bank (UOB), has deployed SunGard's post-trade cross-asset processing solution and managed services to support its trading and clearing services 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 depth and breadth of expertise in global markets as well as its multi-market, cross-asset class systems will also offer UOBBF access into new markets and product lines.

 

In the past year, UOB has expanded its derivatives business to major global exchanges including the Eurex Exchange, CME Group and the Dubai Gold and Commodities Exchange through clearing memberships. UOB is also the first Asian bank to offer clearing services for transactions on the Eurex Exchange.

 

"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. This is further proof that our solutions can support both the regional and global requirements of leading financial firms. Through our cross-asset solutions and services, proven infrastructure, innovation and leadership in the industry, SunGard is able to help firms such as UOBBF operate smarter, while assisting it in achieving cost efficiency and a competitive advantage in the marketplace,” notesNasser Khodri, managing director, Asia-Pacific, SunGard's capital markets business

 

As a real-time, flexible and cost-efficient cross-asset class back-office processing system, SunGard’s post-trade solutions help financial institutions streamline their processes, while helping them manage their business and regulatory challenges. Its managed services solution can help financial institutions experience a lower total cost of ownership, greater efficiency and faster time to market speeds.