China Everbright Securities Live With ULLINK OMS
The solution includes electronic client order collection from multiple networks, care order management with institutional trading front-ends, pre-trade risk management, and direct market access (DMA) to the Hong Kong Stock Exchange (HKSE). The entire setup is provided as a service, where ULLINK hosts and manages the infrastructure in the name of China Everbright Securities.
Established in 1994, China Everbright Securities has a long-standing history in Hong Kong. Its parent, Everbright Securities Co. Ltd, is one of Mainland China’s largest financial institutions. In a move to offer its Mainland customers access to foreign markets and opportunities, Everbright re-aligned the shareholding structure of its Hong Kong operations. China Everbright Securities HK operates as a subsidiary of its Shanghai headquarters since May 2011. China Everbright HK will manage its Mainland institutional order flow across foreign markets (Asia, US, and Europe), as well as offer its Mainland customers access to the HKSE via DMA. Further expansion is underway, where Everbright will rely on ULLINK to help it become a key regional broker.
“We chose ULLINK because of the flexibility of their platform, the efficiency of the support model, and their ability to help us grow in the region on a long term basis, as a partner..” said Andy Wong, Executive Director and Head of Trading at China Everbright Securities. “China Everbright’s new initiative is to build and expand into the institutional client business and extend our reach to the regional & global equity markets. By incorporating ULLINK into our trading infrastructure, it will provide us with a trading platform that enables us to compete on a global scale. They also proved able to connect and interact with our existing systems on the Mainland, helping us provide STP execution from our various systems across China all the way to the matching engine of the HKSE. Our own institutional traders wanted the front-end because of the efficiency of the care order workflow and user-oriented features”.
“We are looking forward to building a long-term partnership with Everbright Securities, making sure that our reliable and innovative technology will help them expand their business in a timely manner,” added Laurent Useldinger, CEO of ULLINK. “And we are glad to continue our expansion in this region helping market participants move on a new generation of trading systems.