Tencent to Launch Online Trading Platform for Chinese Bonds
- QTrade could offer an alternative for brokers struggling with tightening scrutiny from the CSRC.
After almost two years of development, the biggest social media and gaming company in China, Tencent Holdings Ltd and its finance startup partner, Shenzhen Pingguo Shuju Keji Ltd., have announced they are launching their system for over-the-counter bond deals on Friday.
QTrade will allow traders to meet online and negotiate prices through Tencent’s popular QQ messaging. According to a report from Bloomberg, the co-founder of the Shenzhen-registered startup, Zhou Jingyu, said the platform would verify the identity of both parties and log their conversations and transactions for a minimum of five years. This way it will be fully compliant with securities regulations.
CSRC crackdown
The China Securities Regulatory Commission (CSRC) has been tightening its scrutiny on brokers. As a result, the Chinese market is one of the hardest for brokers to enter.
From December, new Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term will be introduced that forbids traders from using personal emails and instant messaging platforms to discuss trade deals, deferred compensation, and incentives exceeding an excess of 1 million yuan.
Although the government does have its own chat systems for dealers, according to QTrade estimates, more than 70 percent of bond trades are now conducted over personal messaging accounts such as Tencent’s QQ messaging service.
Commenting on the upcoming launch of the service, co-founder of Shenzhen Pingguo Shuju Keji Ltd., Fiona Liu said in a statement: “There’s been a discrepancy between where traders complete their deals and where they negotiate. We want to provide a safe and compliant instant messenger to make sure that trading activity is regulatory compliant.”
Tencent’s QQ has more than 800 million active users. The company said in a statement that the platform would Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term its messaging, big data and machine learning technology while also complying with regulation to lower the risk
QTrade
Targeted at professional investors, QTrade allows deals to be negotiated through the platform. Users will be able to import their contact lists on QQ and add up to 100,000 people.
Although investors can communicate on the platform, all transactions will still be processed through official channels, such as the China Foreign Exchange Trade System.
According to Zhou, the platform will also allow regulators to search by users or timeline and format trading data through its analysis tools.
After almost two years of development, the biggest social media and gaming company in China, Tencent Holdings Ltd and its finance startup partner, Shenzhen Pingguo Shuju Keji Ltd., have announced they are launching their system for over-the-counter bond deals on Friday.
QTrade will allow traders to meet online and negotiate prices through Tencent’s popular QQ messaging. According to a report from Bloomberg, the co-founder of the Shenzhen-registered startup, Zhou Jingyu, said the platform would verify the identity of both parties and log their conversations and transactions for a minimum of five years. This way it will be fully compliant with securities regulations.
CSRC crackdown
The China Securities Regulatory Commission (CSRC) has been tightening its scrutiny on brokers. As a result, the Chinese market is one of the hardest for brokers to enter.
From December, new Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term will be introduced that forbids traders from using personal emails and instant messaging platforms to discuss trade deals, deferred compensation, and incentives exceeding an excess of 1 million yuan.
Although the government does have its own chat systems for dealers, according to QTrade estimates, more than 70 percent of bond trades are now conducted over personal messaging accounts such as Tencent’s QQ messaging service.
Commenting on the upcoming launch of the service, co-founder of Shenzhen Pingguo Shuju Keji Ltd., Fiona Liu said in a statement: “There’s been a discrepancy between where traders complete their deals and where they negotiate. We want to provide a safe and compliant instant messenger to make sure that trading activity is regulatory compliant.”
Tencent’s QQ has more than 800 million active users. The company said in a statement that the platform would Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term its messaging, big data and machine learning technology while also complying with regulation to lower the risk
QTrade
Targeted at professional investors, QTrade allows deals to be negotiated through the platform. Users will be able to import their contact lists on QQ and add up to 100,000 people.
Although investors can communicate on the platform, all transactions will still be processed through official channels, such as the China Foreign Exchange Trade System.
According to Zhou, the platform will also allow regulators to search by users or timeline and format trading data through its analysis tools.