SunGardâs GL Stream will support Guotaiâs 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: âWith 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. SunGardâs GL Stream is a key component of our strategy to establish stronger connections with new and existing institutional clients.â
Franck Peltier, managing director of SunGardâs global trading business in Asia, added: âChinaâs 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. Guotaiâs selection of SunGard validates our commitment to supporting sell-side and buy-side institutions in emerging economies reach their development objectives.â