Guotai Junan Securities selects SunGard order management system

Source: SunGard

Guotai Junan Securities (Guotai), one of the top five securities firms in China, has selected SunGard's GL Stream order management solution to help manage the orders from its mainland China clients.

SunGard's GL Stream will also help Guotai to target new buy-side firms in China and overseas.

SunGard's GL Stream will support Guotai's traders in collecting direct market access (DMA) or non-direct market access orders from Chinese or international investors who want to invest on the Securities Exchange of Hong Kong (SEHK). The solution will also help Guotai to manage orders sent to the SEHK, receive FIX orders and create new trading strategies.

Eric Lee, executive director of Guotai Junan Securities, commented: "With GL Stream, SunGard offers us a functionally-rich trading platform dedicated to trading in Hong Kong. It helps us to monitor all our trading activity and allows us to provide DMA connectivity and advanced execution services to our clients. SunGard's GL Stream is a key component of our strategy to establish stronger connections with new and existing institutional clients."

Franck Peltier, managing director of SunGard's global trading business in Asia, added: "China's buy-side firms are investing more and more in Hong Kong and foreign markets. Hong Kong brokers therefore have an increased need for order management systems. Guotai's selection of SunGard validates our commitment to supporting sell-side and buy-side institutions in emerging economies reach their development objectives."

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