Fidessa has announced that 17 brokers based in Hong Kong have been using its platform for the Shenzhen-Hong Kong Stock Connect link.
The trading technology firm has seen a large uptake in users since the Shenzhen Connect launched on 5 December, following the launch of its Shanghai Connect tool in 2014.
Eva Fu, product marketing manager at Fidessa, explained connecting to Shenzhen was a “natural step, particularly for those already connected to Shanghai.”
She added the two Connect programs are accessible through the same channel and provide algorithmic trading tools to those using the Shenzhen-Hong Kong Stock Connect.
Shenzhen Connect saw an underwhelming first day of operations following its launch.
Northbound Shenzhen trades stood at RMB 2.7bn, around a fifth of the RMB 13bn quota, compared to RMB 6.8bn achieved on the Shanghai link on the same day.
It is hoped that the venture will allow investors to more easily access both mainland China and Hong Kong markets, increase cooperation between the two and consolidate Hong Kong’s position in the financial industry.