Everbright Securities and GF Securities have joined NYSE Technologies' fully managed FIX-based trading community Marketplace, broadening the China-based brokers buy-side members can trade with.
The NYSE Marketplace network connects Everbright Securities and GF Securities to some 700 buy-side firms in more than 40 countries.
The network also lets the two brokers trade Chinese A shares – stocks of mainland China companies traded in the country – and B shares – mainland Chinese stocks traded in foreign currency – and gives them the ability to receive orders from Qualified Foreign Institutional Investors (QFII).
"NYSE Technologies' FIX community provides both brokers access to a wide variety of global liquidity sources, lower trading costs, and unparalleled speed-to-market with connections to new trading counterparties and services," said Daniel Burgin, head Asia Pacific, NYSE Technologies. "With qualified foreign investors keen to invest in the Chinese market, we are delighted that Everbright Securities and GF Securities have joined Marketplace."