Fidessa group plc (LSE: FDSA) has today announced that China Renaissance, one of the leading investment banking, securities and investment management firms in China, has implemented Fidessa’s Asian trading platform to support the expansion of its equities business across Asia with a centralised order management and execution system.
China Renaissance goes live with Fidessa
Headquartered in Beijing, China Renaissance maintains offices in Shanghai, Shenzhen, Hong Kong and New York, employing more than 400 professionals. The firm helps China’s 'new economy' entrepreneurs to expand their businesses and maximise value creation. China Renaissance provides a wide range of financial services including private placements, mergers and acquisitions, underwriting, securities brokerage and asset management.
"We are committed to building an equities platform that better serves both domestic and international investors looking for opportunities in China’s high-growth ‘new economy’ enterprises. To strengthen our competitive advantage, we have chosen to partner with Fidessa," said Yang Xia, Managing Director and Global Head of Equities at China Renaissance. "Fidessa offers a comprehensive order management system and smart trading tools. By going live with Fidessa, we are well positioned to provide our clients with agile and world-class brokerage services. Building a world-class brokerage business is just our first step, and we plan to further strengthen our product offerings within equities into 2017 and beyond to build a strong China Renaissance franchise."
Peter Lam, Sales Director at Fidessa Asia, added: "Fidessa is very pleased to service China Renaissance and extend our Chinese footprint in the region. We are committed to working closely with our clients to develop reliable solutions that work across the Hong Kong, Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect markets. Offering localised solutions has always been the primary driver, enabling us to maintain our position as the leading provider in the China segment."