Fidessa Extends Execution Capabilities to Hong Kong’s Huatai Financial

Huatai will assimilate Fidessa’s centralized order management and execution system into its Asian trading platform.

Fidessa group plc (LSE: FDSA) has initiated its latest bid to expand its execution capabilities, culminating in a partnership with Hong Kong’s Huatai Financial Holdings Limited, a wholly-owned subsidiary of Huatai Securities Company Limited (HTSC), according to a Huatai statement.

The new accord between Fidessa and Huatai will see the integration of Fidessa’s centralized order management and execution system in its Asian trading platform – consequently, the augmented capabilities will be used to leverage the expansion of HTSC’s equities business across the Shanghai-Hong Kong Stock Connect markets. Fidessa’s sell-side equities trading platform and services suite helps allow for support across a number of trading operations across global exchange venues and companies.

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Huatai Financial Holdings operates as the Hong Kong-based securities trading subsidiary of HTSC, one of China’s paramount securities operators. The strategic expansion is important for Huatai as it helps bolster its platform capabilities for a rapidly growing user base, tapping one of the more established providers in the industry for its needs. HTSC will also be able to reap the gains of Fidessa’s algorithmic trading tools and global connectivity network, with specific regard to receiving order flow.

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According to Derek Sum, Executive Director at Huatai Financial Holdings, in a recent statement on the expansion: “Being a major player in the China A share market, HTSC is renowned for its leading technology in mainland China. To extend this competitive edge abroad, we have chosen to partner with Fidessa in Hong Kong.”

“Fidessa offers a robust trading system and it is highly rated among institutional clients. With the implementation of Fidessa, we are confident in providing our clients with a top-tier execution service for the Hong Kong and Shanghai Stock Connect markets,” he added.

“We are delighted to welcome Huatai Financial Holdings to the Fidessa community as our tenth Chinese broker client. With our algorithmic tools and technology infrastructure, clients can seamlessly trade in the Hong Kong and Shanghai Stock Connect markets. Fidessa’s fully-managed platform will also enable Huatai Financial Holdings to reinforce its position and concentrate on its expansion plan,” noted Jean-Pierre Baron, Managing Director at Fidessa Asia, in an accompanying statement.

Late last month, Fidessa embarked on a partnership with Americas Trading Group (ATG), helping grant Fidessa’s users algo trading models across the Brazilian market. The partnership was important for Fidessa’s users as it helped allow for a concrete foothold and revamped capabilities in the Brazilian market through the use of comprehensive trading algorithms, backed by ATG’s execution.

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