China’s Ping An Asset Management, the investment arm of Ping An Insurance group, has gone live on trading technology provider Fidessa's LatentZero buy-side front-office suite for both its domestic and international operations.
LatentZero will provide Ping An with pre- and post-trade compliance systems, portfolio analysis, order management and trading functionality.
Using the platform, the asset manager should be able to consolidate and scale its international investment division and also its domestic operations, which provides access to equities, bonds, repos, funds and deposits traded on the Shanghai and Shenzhen exchanges and the China Foreign Exchange Trade System..
Ping An is Fidessa's first major domestic client in China. The Ping An platform is also connected to the Fidessa global network, which has access to more than 600 brokers and 154 markets across Europe, the Middle East and the Americas, as well as Asia.
The two firms have agreed to extend their partnership during 2011, with further functionality being deployed later in the year. Within Asia, Fidessa is also currently active in Singapore, Japan, Australia, Taiwan, Korea and Indonesia.
Fidessa has been extending its network across Asia and the Middle East recently; it added Indian broker ICICI Securities to its global connectivity network, in February 2011 and the previous month, the firm also linked to United Arab Emirates broker Al Ramz Securities.