Shenzhen-based China Merchants Securities has announced that it will be offering algorithmic strategies to its retail investor clients, with plans to extend it to buy-side institutional clients later.
The firm will offer up to eight basic algorithmic strategies at first, such as volume-weighted average price (VWAP), along with bespoke efforts for equities and equity derivatives. The company is using Progress Apama's capital markets platform to facilitate the trading.
"Algorithmic trading in China has been growing but few brokerage firms can offer clients a customizable, scalable and robust algorithmic trading platform with ultra-low latency," says GuangYan We, general manager of the individual investor department at China Merchant Securities. "To provide these value-added services to our customers and grow our retail business, we decided to build our algorithmic trading platform on top of the Progress Apama Platform. Our first goal is to expand our presence in retail markets followed by our institutional buy-side clients."
More from Buy Side Technology
Updating your subscription status
Work with us on your Integrated Marketing Campaigns
WatersTechnology offers a full range of custom research, surveys, webcasts, video and whitepapers for firms looking to demonstrate thought-leadership through their marketing campaigns and generate sales leads.
08 Dec 2014
21 Apr 2015
20 May 2015
The over-the-counter (OTC) derivatives market is in the midst of a global regulatory restructure. Authorities in Europe, Asia and the US are currently...
A fast, flexible and reliable investment decision-making process must be based on access to accurate and consistent information throughout an organization....