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UOB to set up electronic FX pricing and trade engine in Singapore, to launch by 2Q2021

Felicia Tan
Felicia Tan11/30/2020 11:45 AM GMT+08  • 2 min read
UOB to set up electronic FX pricing and trade engine in Singapore, to launch by 2Q2021
The establishment of the pricing and trading engine is supported by the Monetary Authority of Singapore (MAS).
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United Overseas Bank Limited (UOB) says it will set up an electronic foreign exchange (FX) pricing and trading engine in Singapore, which will serve as the hub to service its client franchise.

The new engine will be launched by the second quarter of 2021.

The pricing and trading engine will take advantage of reduced latency via co-location connectivity to improve price discovery and to enhance pricing capability.

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