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Ubitrade Signs Deal With Leading Australian Bank Commonwealth Bank Of Australia

Ubitrade, a leading supplier of advanced systems solutions for trading, risk management and back office on capital markets to over 120 clients in 20 countries, today announces the sale of its Ubitrade Futures & Options solution to the Commonwealth Bank of Australia (CBA) in Sydney.

Didier Bouillard, Chief Executive Officer, Ubitrade, commented: "This deal again demonstrates our capability to deliver complete solutions for the largest financial institutions. Our solution enables our customers to benefit from the traditional functional requirement in the F&O business in conjunction with the latest web technology, allowing users to access the system through a web browser! We believe that this deal will encourage other participants in the Asia Pacific Region to review their current arrangements and demand a product that fully meets their needs. We are delighted to be creating value for our clients by offering them modern, flexible, STP and Internet–based solutions."