Published On: Mon, Jul 12th, 2010

China Merchants Securities Selects Imagine Software for Risk Management

Pioneer in Securities Trading in China to Use Imagine for International Securities Business

Imagine Software, a leading provider of real-time portfolio and risk management solutions worldwide, today announced that China Merchants Securities selected its award-winning ASP-based Derivatives.com service to manage its international securities business.

China Merchants Securities (CMS), with 71 branches in 34 cities across China, was established over 19 years ago and is active in many major Asian, US, and European markets. CMS applies a multi-strategy approach to trading a diverse range of products that include cash equities, index futures, index and equity options, and warrants. Due to the breadth and scope of the business it became imperative to migrate from a legacy management system to a robust, real-time, multi-asset-class solution from a vendor with long-term international experience.

“We have a very broad approach to trading securities that extends far beyond mainland China,” said Steve Luo, Associate Director of Risk Management at CMS. “For this reason it was essential to find a risk management system that covered all asset classes, calculated Greeks in real-time, and had the capacity to handle derivatives trading. One feature we find particularly useful is Imagine’s ‘custom column’ facility, which allows us to modify existing risk calculations and create new ones in minutes without external programming assistance. This is a very powerful tool.”

Luo continued: “We looked at four other risk management systems and what made Imagine stand out was the reliability of its ASP solution, the wide range of functionalities and the cost. Implementation was very easy and Imagine’s teams were instrumental in training our managers so that we received maximum return on our investment from day one. Since the go-live we have even presented our new risk management capabilities to the China Securities Regulatory Committee (CSRC) in Beijing and other leading securities firms in China. Robust risk management is essential in today’s markets and we want to share our experience with the wider securities industry in China.”

Yvonne Dahl, Global Director of Sales and Marketing at Imagine, said, “China Merchants Securities is widely recognized as one of the pioneers in securities trading in China and we are excited they have selected Imagine as the risk management solution provider for their growing international securities business. Imagine answers the firm’s demand for a robust risk management system and we look forward to a long and prosperous partnership with China Merchants Securities.”

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