Guotai Junan Securities, a Chinese securities firm, has selected Sungard’s GL Stream order management system to help manage its order flow from onshore clients and target new overseas buy-side clients.
Sungard’s GL Stream will be able to facilitate trading, including direct market access, from Chinese and international investors who want to invest on the Securities Exchange of Hong Kong (SEHK) and help Guotai manage its own orders sent to the SEHK. The solution will also help Guotai receive FIX orders and create new trading strategies.
“With GL Stream, SunGard offers us a functionally-rich trading platform dedicated to trading in Hong Kong,” said Eric Lee, executive director of Guotai Junan Securities. “It helps us to monitor all our trading activity and allows us to provide advanced execution services to our clients.”
“China’s buy-side firms are investing more and more in Hong Kong and foreign markets.
Hong Kong brokers therefore have an increased need for order management systems,” added Franck Peltier, managing director of SunGard’s global trading business in Asia.