NYSE LIFFE Welcomes UOB Bullion And Futures As New Member
NYSE Liffe announced that UOB Bullion and Futures (UOBBF), the Singapore-based futures broker has become a member of NYSE Liffe’s London and Paris markets.
A subsidiary of United Overseas Bank Limited, UOBBF was founded in 1978. UOBBF specialises in equity index and interest rate derivatives trading. which are key strengths of NYSE Liffe. Both NYSE Euronext’s Euribor and FTSE 100 Index futures contracts open at 0100hrs London time, enabling trading during the Singapore working day.
Alan van Griethuysen, Executive Director and Country Head, Benelux and Asia, of NYSE Liffe, said: “We are very pleased to welcome UOB Bullion and Futures as a member of the LIFFE market. Over the past few years, we expanded our presence here in Singapore and extended opening hours in two flagship contracts to meet the needs of customers in this time-zone.”
Mr Matthew Png, UOBFF’s Executive Director added, “It is our great pleasure to become a member of NYSE Liffe. We are now directly connected to NYSE Liffe using NYSE Technologies’ SFTI network. With this direct access we will be able to offer our customers the fastest possible access to NYSE Liffe’s London and Paris markets via an ultra-low latency link, hence offering an alternative to traditional order-routing.”
NYSE Technologies’ SFTI network is the highly resilient, ultra low-latency communications backbone created specifically for the financial industry in 2002. It provides connectivity to a range of exchanges, market centers and content service providers, including all of the National Market System venues in the U.S. SFTI also connects to over 1,300 market participants and offers third-party technology products through its unique hosted solutions platform. Designed to be the industry’s most secure and resilient global network, SFTI is specifically built for electronic trading and market data traffic thus enabling firms to reduce their time-to-market, improve their performance and significantly lower the cost of their trading.