China Construction Bank International Securities is the first Chinese broker to go live with Fidessa’s institutional trading platform
Hong Kong, 12 February 2009 - Fidessa group plc (LSE:FDSA), the world's leading provider of trading systems, market data and global connectivity, today announced its state-of-the-art Asian trading platform is being used by CCB International Securities Limited (CCBIS), the Hong Kong-based securities trading subsidiary of the second largest bank in the world, China Construction Bank..
CCBIS has started using Fidessa's advanced institutional trading platform in response to growing demand for international solutions from institutional investors.
Fidessa's Asian trading platform is a fully managed solution embracing client FIX connectivity, front office trading, middle office functionality and low latency exchange connectivity.
As part of its new solution, CCBIS also joined Fidessa's global connectivity network, which provides trading links between more than 310 brokers and 1,800 buy-sides around the world.
Stuart Gates, CCBIS Head of Sales Trading, comments: "CCBIS is the only Chinese brokerage house using the state of the art globally recognized Fidessa trading platform. The Fidessa platform puts CCBIS trading capability on par with the leading global bulge bracket firms."
Nevin Price, Fidessa's Regional Manager, Asia, said: "We are delighted to welcome CCBIS to the Fidessa community as our ninth fully hosted Asian trading platform client. Our proven solution and global buy-side connectivity network will enable CCBIS to compete as they continue to expand on the international stage."
CCBIS has started using Fidessa's order execution (trading direct as a member on the Hong Kong Stock Exchange), order and confirmation management and back office support, all of which was delivered along with full user training within 12 weeks from contract signature as part of the hosted trading platform package.
"Asia continues to present growth opportunities for Fidessa, with local players increasingly seeking to upgrade their platforms as the demands of electronic trading in Asia continue to evolve on the international stage. Fidessa's continued investment in the region, its international reach and market leading solutions all assist in providing our clients with the stable and solid foundation upon which they confidently expand their business services" Price adds.
About China Construction Bank
Founded in 1954 in Beijing, CCB has grown into the second largest bank in the world by market capitalization. CCB is the second largest of the four major state owned banks with a branch network of over 14,000 branches and approximately 400,000 staff. CCB is listed in both Hong Kong and China: CCB's H-share was listed on the Stock Exchange of Hong Kong Limited on October 27, 2005 under SEHK code 939. CCB's A-share was listed on the Shanghai Stock Exchange on September 25, 2007 under SSE code 601939.
China Construction Bank International Holdings
CCB International (Holdings) Limited ("CCB International") is an investment bank wholly owned by China Construction Bank Corporation (CCB), set up to expand CCB's investment banking business. CCB International has five entities to serve the different needs of its clients: CCB International Securities Limited, CCB International Investment Limited, CCB International Capital Limited, CCB International Asset Management Limited, CCB International Finance Limited.PDF (0.07 MB)