Inside the company that helped build China’s equity options market
Fintech firm Bachelier Technology on the challenges of creating a trading platform for China’s unique OTC derivatives market.
Ten years ago, a group of friends, working as traders and quants at different investment banks in New York, were chatting about some big markets news breaking in their home country. It was February 2015. The Shanghai Stock Exchange had just launched options on an exchange-traded fund, the SSE China 50 ETF, China’s first listed options contract. Stocks were entering a bull run.
“We were talking about Chinese capital markets,” says Tuohua Wu, vice-president at Bachelier Technology, at the time a
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