Posted by Colin Lambert. Last updated: October 28, 2024
Singapore-based Spark Systems has announced it has won the mandate to deliver a core FX pricing and trading platform to OCBC, targeting an anticipated launch in 2025.
The firm says it will build the platform to help the bank’s pricing and trading, as well as augment access to market liquidity and develop customisable workflow. It will include, Spark says, “a focus on high-speed execution and advanced data analytics”.
“Delivering significant value to our clients remains our key focus, and we are constantly looking to elevate our sales and trading capabilities to achieve this objective,” says Kenneth Lai, head of global markets. “Given the fast-paced FX market, we are confident that Spark Systems’ technology will shore up our FX trading capabilities and provide targeted solutions for our client needs.”
Wong Joo Seng, founder and CEO of Spark Systems, adds, “This collaboration underscores our commitment to delivering superior and cost-efficient trading solutions that meet the evolving needs of financial institutions. The support of a financial banking giant here in Singapore is invaluable to new companies like Spark Systems and a strong endorsement to our product offering and our team.”
