Nanhua Futures, a futures company in China, has selected the SunGard Global Network (SGN) to gain access to its international clients' order flow and SunGard's Valdi OMS and trading solutions to support its growing domestic and international business.
SunGard's solutions will help Nanhua Futures collect orders from Qualified Foreign Institutional Investors (QFIIs), place orders with Valdi Trader, and manage and execute its orders on the China Financial Futures Exchange (CFFEX).
CFFEX plans to open to trading from QFIIs in 2011. Nanhua Futures will use SunGard's low-latency SGN market data and order routing network to collect orders from its international clients when the regulator has approved these investments. SunGard's Valdi OMS will help Nanhua Futures automate processes from order capture to allocation, while Valdi Trader will provide the broker with trade execution and real-time P&L display capabilities.
Luo Xufeng, general manager for Nanhua Futures, said, "As Nanhua Futures already uses SunGard's Kingstar as one of the solutions for its business and as SunGard's SGN and Valdi OMS are extensively used by overseas institutional clients, having access to these solutions will help Nanhua Futures facilitate trading on CFFX for QFII clients to help us develop our business internationally."
Raj Mahajan, president of SunGard's global trading business, said, "Foreign investors show strong interest in Chinese markets, and the local regulators are progressively opening the doors. Chinese brokers are therefore looking for new solutions to support collection of international order flow and handle higher business volumes. SunGard is pleased to work with Nanhua Futures and other brokers on the implementation of Valdi and SGN technology to help them grow their international businesses."