HONG KONG and SINGAPORE, 31 October 2013. Ullink, provider of low-latency connectivity and trading solutions for the financial community, today announced that Bank of Singapore had selected Ullink’s connectivity and order management systems to enhance the bank’s trading infrastructure. This decision was the result of an extensive evaluation process involving a number of prominent vendors.
The entire setup is provided as a service (ASP), where Ullink hosts and manages the infrastructure in colocation at SGX, Singapore’s Stock Exchange.
As Asia’s leading private banking operating in a very competitive environment, Bank of Singapore is always looking at ways to further improve its clients’ experience. Using Ullink, Relationship Managers will now be able to update their clients in real time on the status of their trade orders. Trade executions will be entirely electronic, preventing communication errors and saving considerable time, while enabling clients’ trade instructions to be executed in a matter of milliseconds. Being co-located with SGX will also ensure optimal performance, safety, and availability of the system.
“We are looking forward to building a long-term partnership with Bank of Singapore, and our new office in Singapore is part of this commitment to the region and to the community,” added Philippe Thomas, Head of Asia at Ullink. “We are glad to continue our expansion in this region by helping our customers move on, to a new generation of trading systems.”