CMB International Goes Live with Fidessa
Fidessa – Hong Kong – Fidessa group plc (LSE: FDSA) has today announced that CMB International Capital Corporation Limited (“CMBI”), a wholly-owned subsidiary of China Merchants Bank (“CMB”), has implemented Fidessa’s centralised order management and execution system as its Asian trading platform to support the expansion of its equities business across Asia.
Approved by the China Banking Regulatory Commission (“CBRC”), CMBI is a Hong Kong-based subsidiary of CMB, endeavouring to provide quality financial services to global, local institutional and corporate clients as well as individual investors.
“CMBI offers a wide range of brokerage services, with securities trading being a key service for both domestic and international clients. To underpin our expansion strategy, we needed a sophisticated, reliable and solid trading platform to meet international requirements,” commented Chan Hui, Managing Director at CMBI. “In an increasingly automated and highly competitive world, we have strategically chosen Fidessa because its front-office trading and middle-office capabilities will significantly enhance our execution quality.”
Peter Lam, Sales Director at Fidessa Asia, added: “We are very pleased to see another Chinese broker join the Fidessa community. With advanced algorithmic trading tools and reliable technology infrastructure, Fidessa’s fully hosted platform will enable CMBI to trade seamlessly across the world, including the Hong Kong and Shanghai Stock Connect markets.”
With over 25 local and international firms using its Asian trading platform in Hong Kong, Fidessa has become the primary vendor of choice in a service space which requires discipline, industry knowledge and fully resilient infrastructure. In addition to quality of service, the platform offers a wide range of features including FIX order capture, monitoring of client order performance, IOIs, pairs, algorithmic trading, basket trading, internalization, pre- and post-trade risk management and sophisticated trade analytics.
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