Brokerage Guotai Junan Securities (Hong Kong) has today gone live with Fidessa’s equities trading platform to trade shares on the Hong Kong Stock Exchange.
GJ Securities will use Fidessa’s platform and algorithmic trading engine as part of the Fidessa integrated order management system.
The company said in a statement that it also intends to use Fidessa technology for access to the Hong Kong-Shanghai Stock Connect link and to offer FIX connectivity and direct market access (DMA) services to clients.
Kelvin Shek, head of IT at Guotai Junan, said: “Fidessa’s technology fits well with our commitment to give our clients the best brokerage services. The platform is very scalable, which is important as we need a solution that can grow with us as we continue to expand. Our clients know they can rely on us to offer a world-class service, and we are pleased with the capabilities Fidessa offers us which enable us to do this.”
Jean-Pierre Baron, managing director of Fidessa in Asia, said: “We have created strong links with Chinese players, who nicely complement our portfolio of domestic and international clients.
“The investment we have made to build a regional infrastructure is proving very useful for firms who want to minimize technical complexity, whilst at the same time benefit from advanced functionality.”
Fidessa provides connectivity to around 4,100 buy-siders and 870 brokers across over 210 markets globally. Each month, its network carries flow with a value of US$1.6 trillion. Fidessa’s products serve 24,000 users at 1,000 clients worldwide.