2024-11-28 02:12:41
Author: Itiviti Group AB / 2023-07-24 13:25 / Source: Itiviti Group AB

Shenwan Hongyuan Securities Chooses Itiviti's Technology for ETF Options Market Making

Itiviti services a substantial and diversified client base in China

SHANGHAI,China,Aug. 21,2018 -- 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.

For further information,please contact:


Ofir Gefen


President APAC,Itiviti


Tel: +852-2167-1950


Email: ofir.gefen@itiviti.com

Agnes Wong


Marketing Director APAC


Itiviti


Tel: + 852-2167-1986


Email: agnes.wong@itiviti.com

Zhibin Xu


Deputy President


Shenwan Hongyuan Securities Co. Limited


Tel: + (86) 21-3338-8666


Email: xuzhibin@swhysc.com

About Shenwan Hongyuan Securities Co.,Ltd

Shenwan Hongyuan Securities Co.,Ltd. ("Shenwan Hongyuan") was formed by the merger of Shenyin Wanguo Securities Co.,Ltd. and Hongyuan Securities Co.,Ltd. on January 16,2015. The company has a registered capital of 43 billion Chinese yuan,with nearly 8,000 employees. It has 34 regional branches and 303 business offices (including Western Securities) in China,and has overseas branches in Hong Kong,London,Tokyo,Singapore and Seoul.

Shenwan Hongyuan Securities Co.,Ltd. currently has a comprehensive securities business. It provides major services in designated areas including securities brokerage,securities investment consulting,margin financing and securities lending,financial products sales,securities investment fund sales,futures introducing broker,securities asset management,securities underwriting and sponsorship (limited to government bonds,non-financial corporations debt,policy bank bonds,corporate bond underwriting),security proprietary trading and stock options market making.

About Itiviti

Itiviti is a market-leading global provider of multi-asset trading technology and financial infrastructure solutions for buy-side and sell-side market participants,including NYFIX,one of the industry's largest FIX-based trading communities.

Serving around 2000 clients worldwide,we provide consistent,reliable access to the most up-to-date and innovative order routing,connectivity and trading solutions available. Top-tier trading firms,banks,brokers,exchanges and institutional investors rely on our technology,solutions and expertise to streamline their daily operations,connect to their desired markets,and trade when and where they want. All while being able to comply with global regulation.

With global offices in 18 locations covering all major financial centers the merger of Itiviti and ULLINK in March 2018 created a full-service technology and infrastructure provider,covering all asset classes,geographies and regulatory landscapes.

For more information,please visitwww.itiviti.comorwww.ullink.com.

Itiviti is owned by Nordic Capital Fund VII.

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Press release in PDF format

Tags: Computer Networks Computer Software Computer/Electronics Financial Technology Internet Technology

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