Fidessa group today announced that Guotai Junan Securities (Hong Kong), the Hong Kong brokerage arm of one of China's largest securities firms, has gone live with Fidessa’s fully-managed trading platform for trading equities on the Stock Exchange of Hong Kong and to take advantage of Fidessa's advanced trading capabilities to provide enhanced services to its clients.
Guotai Junan's trading desk will make full use of Fidessa's trading workflow as well as its algorithmic trading engine, which is fully integrated into the Fidessa order management system (OMS). Guotai Junan will also use Fidessa technology for access to the Hong Kong-Shanghai Stock Connect link, and to offer FIX connectivity and direct market access (DMA) services to clients.
Mr. Kelvin Shek, Head of Information Technology of Guotai Junan, said: “Fidessa’s technology fits well with our commitment to give our clients the best brokerage services. The platform is very scalable, which is important as we need a solution that can grow with us as we continue to expand. Our clients know they can rely on us to offer a world-class service, and we are pleased with the capabilities Fidessa offers us which enable us to do this.”
Jean-Pierre Baron, Managing Director of Fidessa in Asia, said: “We have created strong links with Chinese players, who nicely complement our portfolio of domestic and international clients. The investment we have made to build a regional infrastructure is proving very useful for firms who want to minimize technical complexity, whilst at the same time benefit from advanced functionality.”
Fidessa provides connectivity to around 4,100 buy-sides and 870 brokers across over 210 markets globally. Each month, its network carries flow with a value of US$1.6 trillion. Fidessa's products serve 24,000 users at 1,000 clients worldwide and are used by 85% of tier-one financial institutions.