Nanhua Futures, a China-based futures company, has selected technology provider SunGard's Global Network (SGN) to facilitate access to its international clients' order flow.
The firm has also selected SunGard's Valdi order management system (OMS) and trading solutions to support its domestic and international business.
Established in 1996, Nanhua Futures offers both commodity and financial futures brokerage services. The company currently has registered capital RMB450 million and net capital of RMB702 million.
SunGard's solutions will help Nanhua Futures collect orders from qualified foreign institutional investors (QFIIs), place orders with Valdi Trader and manage and execute its orders on the China Financial Futures Exchange (CFFEX), which plans to open to QFIIs before the end of the year. Nanhua Futures will also use SunGard's low-latency SGN market data and order routing network to collect orders from its international clients.
SunGard's Valdi OMS will support automation from order capture to allocation, while Valdi Trader will provide the broker with trade execution and real-time P&L display capabilities.
“Having access to these solutions will help Nanhua Futures facilitate trading on CFFEX for QFII clients to help us develop our business internationally,” said Luo Xufeng, general manager for Nanhua Futures.
Nanhua Futures is a member of Shanghai Futures Exchange, Zhengzhou Commodity Exchange and Dalian Commodity Exchange. The firm is also one of the first to gain general clearing member status of CFFEX ahead of the platform's launch.