Guotai Junan International launches trading operations in Hong Kong with Finastra

– Finastra today announced that Guotai Junan International (GTJAI) has gone live with Finastra’s end-to-end equities derivatives trading and cross-asset risk solution, Fusion Sophis. The move has enabled GTJAI to launch trading operations in Hong Kong following a short implementation, helping to fuel the firm’s growth and maximize market share.

“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 GTJAI. “To make this venture a success, we wanted to find a versatile, stable and scalable trading solution that would enable us to price and manage, on a real-time basis, the market risk of a wide range of financial instruments. We chose to partner with Finastra as their platform gives our traders the tools they need to effectively manage daily operations and associated trade life-cycles. It has also helped us overcome the complex risk and compliance challenges associated with setting up operations in a new market, which has enabled us to get our business up and running in Hong Kong within seven months.”

With a single solution to address the many challenges of derivatives trading, risk management, and trade processing, Fusion Sophis has enabled GTJAI to fast-track its expansion and offer a wide variety of sell-side derivatives. At the same time, it has been able to develop the systems it needs to manage a dynamic and complex risk portfolio from one stable, intuitive and highly flexible platform. Unrivalled portfolio management allows traders to stay one step ahead of the market, confident in the knowledge that they also have the most advanced risk and collateral management tools.

“GTJAI had already built a highly successful securities brokerage business in Hong Kong, so expanding operations to become a full-service financial institution was a natural next step,” said Wissam Khoury, GM and SVP for APAC and MEA at Finastra. “We knew that getting to market quickly was important, and the Finastra Global Services team managed to achieve this by implementing our Fusion Adopt methodology. We also worked side by side with the GTJAI team to provide the right training, meaning that traders got to grips with the solution faster. We are pleased to have helped GTJAI get to market so quickly and we look forward to continuing to work together in the future.”

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

How Can Your Company Become More Energy-Efficient

How Can Your Company Become More Energy-Efficient?

Countries and companies are consuming too much energy today. The abrupt power cuts in China are a testimony to that. The country was forced to cut power across factories and towns to meet their energy goals. Energy efficiency—using less energy to do more—does not have to be this challenging and cumbersome, not for large corporations or startups.

Cyberport Venture Capital Forum

How Will Humans and Technology Interact in the Next Decades?

While the world has witnessed a rapid digitalization of our everyday life in the course of the pandemic, attention has been brought to the debate that has long been around–how should humans and technology interact? And how do we prepare for new developments? In response to this, Dr. David Siegel, Co-Chairman and Co-Founder of financial sciences company Two Sigma.

Top 5 NFT Scam

Top 5 NFT Scam

From art pieces like EVERYDAYS: THE FIRST 5000 DAYS by Mike Winkelmann to cryptopunks and memes like Side-eyeing Chloe, the popularity of Non-Fungible Tokens (NFT) has been on the uptick. They have also been blowing up in value in 2021. NFT sale volumes have surged eightfold, reaching US$10.7 billion in the third quarter of 2021.

What Brands Must Know About China’s Evolving Millennial Buyers

What Brands Must Know About China’s Evolving Millennial Buyers

Earlier this year, climate activist Greta Thunberg called out fast fashion consumers during an interview with a fashion magazine. She said, “If you are buying fast fashion, then you are contributing to that industry and encouraging them to expand and encouraging them to continue their harmful process.”

What Is Femtech and Are Femtech Companies on the Rise

What Is Femtech and Are Femtech Companies on the Rise?

Women’s needs have been largely neglected for years. They get fewer job opportunities, excessive household work, subpar pay and little healthcare attention. Well, no more. The rise of FemTech startups (largely women-run) is changing the healthcare landscape for women. As per a report by CBInsights, FemTech will be worth US$50 billion by 2025. So, what is FemTech, and how can you get started?