Guotai Junan Securities (Guotai), a securities firm in China, has selected SunGards GL Stream order management tool to help manage the orders from its mainland China clients. SunGards GL Stream will also help Guotai to target new buy-side firms in China and overseas.
SunGards GL Stream will support Guotais 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 application will also help Guotai to manage orders sent to the SEHK, receive FIX orders and create new trading strategies.
With GL Stream, SunGard offers us a functionally-rich trading platform dedicated to trading in Hong Kong, says Eric Lee, executive director of Guotai Junan Securities. It helps us to monitor all our trading activity and allows us to provide DMA connectivity and advanced execution services to our clients. SunGards GL Stream is a key component of our strategy to establish stronger connections with new and existing institutional clients.
Chinas buy-side firms are investing more and more in Hong Kong and foreign markets, says Franck Peltier, managing director of global trading business, SunGard, Asia. Hong Kong brokers therefore have an increased need for order management systems. Guotais selection of SunGard validates our commitment to supporting sell-side and buy-side institutions in emerging economies reach their development objectives.
L.D.