Major Shanghai brokerage house Guotai Junan International enhances its trading platform after implementing an end-to-end equities derivatives trading and cross-asset risk solution platform by Finastra.
The solution, «Fusion Sophis», has helped address challenges related to derivatives trading, risk management and trade processing, a release said, through a single platform the bank deemed «stable, intuitive and highly flexible».
«We are committed to building a totally new platform in Hong Kong to cater for the needs of our clients for tailor-made OTC structured products and exchange-traded derivatives products, such as warrants and callable bull/bear contracts,» said Henry Yu, head of financial products, wealth management at Guotai Junan International.
Quick Implementation
The announcement made a particular point about the speed of implementation that led Guoai Junan to become a full service financial institution in Hong Kong. According to Yu, its partner Finastra quickly solved complex risk and compliance-related operational issues and set up within seven months.
«We knew that getting to market quickly was important, and the Finastra Global Services team managed to achieve this by implementing our [proprietary] methodology,» said Wissam Khoury, GM and SVP for APAC and MEA at Finastra. «We also worked side by side with the [Guotai Junan International] team to provide the right training, meaning that traders got to grips with the solution faster.»
