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Patsystems signs UOB Bullion and Futures and provides new order routing facility in Taiwan

Patsystems, London, 29 September 2005. Patsystems, the global supplier of trading technology and exchange systems technology, has signed UOB Bullion and Futures Limited (UOBF) as a new customer. UOBF is a subsidiary of Singapore-based United Overseas Bank Limited (UOB) and a clearing member of the Singapore Exchange. UOBF will be able to distribute Patsystems’ software throughout Asia-Pacific.
Patsystems is also providing the global connectivity and infrastructure for a new order routing facility in Taiwan. Hosted and shared by UOBF, Nihon Unicom (an existing Patsystems customer) and a US broker, the order routing facility is now live and will enable the three firms to give their respective customers access to major derivatives exchanges in Asia-Pacific, Europe and North America.
Commenting, Patsystems’ CEO Kevin Ashby said: “We are delighted to work with UOB Bullion and Futures, which reflects our intention to become the first choice for professional trading software in the financial sector. The Taiwan initiative also extends our global connectivity and follows on from the hosted solution that we launched in Tokyo last year, with Okachi and Co. Ltd, Mitsubishi Corporation Futures and Okato Shoji as the first customers.”