British veteran platform and financial services technology developer Fidessa has partnered up with Guotai Junan Securities Limited, the Hong Kong brokerage arm of one of China’s largest investment banks under the same name.
The Hong Kong-based company has gone live with Fidessa’s fully-managed trading platform solution. Clients of the firm will be able to access the Hong Kong stock exchange and trade Chinese equities through the Hong Kong-Shanghai Stock Connect link.
The trading desk of Guotai Junan is using the proprietary Fidessa trading workflow as well as the algorithmic trading engine of the platform. The latter is integrated into the Fidessa order management system (OMS). The solution provides FIX connectivity and direct market access (DMA).
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The Head of Information Technology of Guotai Junan, Mr. Kelvin Shek, commented on the announcement, “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.”
The Managing Director of Fidessa in Asia, Jean-Pierre Baron, added, “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.”
The launch of the Hong Kong-Shanghai Stock Connect link has caused prices on the Chinese stock market to go through the roof, already promoting some regulatory concerns.