UOB deploys Chronicle's EFX solution to power electronic FX engine

It enables UOB to improve price discovery and enhance pricing capability.

UOB has deployed Chronicle Software’s EFX solution to power its electronic foreign exchange (FX) pricing and trade engine, the bank announced in a press release.

Chronicle’s solution enables UOB to improve price discovery and enhance pricing capability thanks to reduced latency via co-location connectivity.

The FX pricing engine, which is located in Singapore, also supports the country’s ambitions to become an e-trading FX hub in the region, the bank added.

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