Huatai Financial Holdings deploys Fidessa for expansion in Hong Kong

Source: Fidessa

Fidessa group plc (LSE: FDSA) has today announced that Huatai Financial Holdings (Hong Kong) Limited, a wholly-owned subsidiary of Huatai Securities Company Limited (HTSC), has implemented Fidessa’s centralised order management and execution system as its Asian trading platform to support the expansion of HTSC’s equities business across the Shanghai-Hong Kong Stock Connect markets.

Huatai Financial Holdings is the Hong Kong-based securities trading subsidiary of HTSC, one of the leading online trading securities firms in mainland China. With its expansion strategy, HTSC required a solid platform, operated by an experienced firm, in order to accommodate the growth in its trading activities. Fidessa’s highly scalable, managed platform, which embraces front-office trading and middle office functionalities, caters for the firm's needs as well as market nuances. HTSC can also benefit from Fidessa’s advanced algorithmic trading tools and global connectivity network for receiving order flow.

“Being a major player in the China A share market, HTSC is renowned for its leading technology in mainland China. To extend this competitive edge abroad, we have chosen to partner with Fidessa in Hong Kong,” says Derek Sum, Executive Director at Huatai Financial Holdings. “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, said: “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."

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