Huatai Financial Holdings has implemented Fidessa’s centralised order management and execution system as its Asian trading platform.
Huatai, a Hong Kong-based subsidiary of the Huatai Securities Company Limited (HTSC) will use the Fidessa system for supporting its equities business across the Shanghai-Hong Kong Stock Connect markets, allowing for smoother trading as it expands the business.
According to HTSC, the mandate was based partly on Fidessa’s ability to provide a solid and scalable managed platform that could accommodate growth, and for its front-office trading and middle-office capabilities.
Fidessa also offers algorithmic trading tools and global connectivity network for receiving order flows.
Derek Sum, executive director at Huatai Financial Holdings, said: “Fidessa offers a robust trading system and it is highly rated among institutional clients. With the implementation of Fidessa, we are confident in providing our clients with a top-tier execution service for the Hong Kong and Shanghai Stock Connect markets.”
Jean-Pierre Baron, managing director at Fidessa Asia, added: “We are delighted to welcome Huatai Financial Holdings to the Fidessa community as our tenth Chinese broker client.”
“With our algorithmic tools and technology infrastructure, clients can seamlessly trade in the Hong Kong and Shanghai Stock Connect markets. Fidessa’s fully-managed platform will also enable Huatai Financial Holdings to reinforce its position and concentrate on its expansion plan."
