China Industrial Securities adopts buy-side tools from Bloomberg

CISI has implemented Bloomberg’s OMS, TCA, liquidity assessment and trade surveillance technology to manage ongoing regulatory developments.

China Industrial Securities International Financial Group (CISI) has adopted a range of buy-side solutions from Bloomberg as it tackles ongoing regulatory developments in Hong Kong.

The Group has implemented various Bloomberg tools, including its buy-side order management system (OMS) AIM, transaction cost analysis (TCA), liquidity assessment, and the cloud-based information governance and trade surveillance platform, known as Bloomberg Vault.

In a statement, Bloomberg said that CISI is aiming to get ahead of regulatory developments in light of a warning to asset managers in Hong Kong from the Securities and Futures Commission (SFC) about non-compliance in managing funds. The SFC highlighted areas such as liquidity risk management, asset valuation, real-time pre- and post-trade compliance, record keeping and best execution.

“As China Industrial Securities International embarked on their ambitious plan for international growth, it needed an integrated technology solution to help them remain fully compliant wherever they grew,” said Norman Tweeboom, head of buy-side enterprise in Asia Pacific at Bloomberg.

“The buy-side firm of today requires agility to succeed and our suite of solutions enables them to generate alpha, develop and service clients, operate efficiently and grow profits in the face of change. We are proud to deliver a single compliant workflow, embedding transparency across their entire enterprise and investment lifecycle.”

Bloomberg added that its Enterprise team consulted and designed CISI’s front-to-back office workflow to ensure that data can flow between internal and external systems.  

“We are excited to be working with Bloomberg to ensure our risk practices are aligned to local and global regulatory best practices,” said Pan Li, head of asset management at CISI. “As we navigate a complex financial landscape, Bloomberg remains our technology partner of choice. We believe that their advanced technology will help us differentiate our offering and attract new clients globally.”