By Rob Daly Editor-at-Large

Shenwan Hongyuan Securities Taps Itiviti

08.24.2018 By Rob Daly Editor-at-Large

Itiviti, the leading global provider of multi-asset trading technology and financial infrastructure, today announced that Shenwan Hongyuan Securities Co., Limited (Shenwan Hongyuan), one of China’s leading securities firms has selected Itiviti’s market making solution to support its ETF options market making business. Itiviti currently services 25 buy-side and sell-side clients in mainland China, including large asset managers, securities houses, trading firms and brokerages.

“We went through an intensive assessment process to ensure the selected vendor can meet our high compliance and IT standards. During this process Itiviti stood out,” commented Zhibin Xu, Deputy President, Shenwan Hongyuan. “We were really impressed by Itiviti’s world-class trading technology and the professionalism of their team. Shenwan Hongyuan is very much looking forward to taking advantage of Itiviti’s platform to further enhance our market making capabilities.”

“We are pleased with Shenwan Hongyuan’s assignment and their trust in our overall technological capabilities and competences,” said Dennis Chen, Vice President Sales APAC, Itiviti. “The Itiviti team will provide our full support for Shenwan Hongyuan to ensure a smooth rollout of the new market making platform, and I am sure this will be a very good start to our working relationship.”

“Over the years, Itiviti has successfully established a solid, loyal and diversified client base in China by providing its’ world class trading and execution technology solutions,” commented Ofir Gefen, President APAC, Itiviti. “This is a sophisticated client base, looking for proven solutions to stay ahead of the curve, and we are delighted to partner with Shenwan Hongyuan; this further affirms our strong commitment to China as a key market in our Asia Pacific growth strategy.”

In 2014, Itiviti established its first set of tier 1 Chinese securities firms by providing an ETF options market making solution; over the years and building on that solid foundation Itiviti grew its market making platform to commodity options and other asset classes. The firm is now providing unmatched trading and low-latency FIX connectivity solutions in China to address clients’ needs in the ever-changing trading and regulatory landscape.

Related articles

  1. Adding eligible ETFs will support the development of ETFs in Hong Kong and Mainland China.

  2. With Angely Yip, Senior Sales Manager, Chinese Financial Institutions, BNP Paribas Securities Services

  3. Contributed Content

    What Next for Trading China?

    China's equity markets continue to rapidly evolve.

  4. It has become the first EU bank to facilitate QFI access to stocks listed in Beijing.

  5. Lack of connection between the two markets in China has resulted in poor price discovery and liquidity.