Published On: Sun, Jan 31st, 2010

TradeTech China 2010 Conference Highlights

TradeTech China 2010The second annual TradeTech China conference held in Shanghai January 28 to 29 featured some interesting discussions, roundtables and speeches of the machinations of China’s electronic trading industry. The opening keynote panel featured 4 prominent buyside speakers who spoke of the challenges of China’s fund industry including regulatory constraints, execution limitations and unsatisfactory trading tools.

The second panel addressed technology solutions and the approach these vendors underwent when entering new markets to develop their business. It was my opinion that perhaps china’s financial industry was not quite ready for cutting edge solutions.

One of the hot topics was the QDII and QFII panel in the afternoon. Qualified Domestic Institutional Investor (QDII) is the regulation pertaining to local Chinese wealth available for investment abroad and Qualified Foreign Institutional Investor (QFII) is that regarding international wealth directly investing in China’s capital markets. Some of the notable points were that QDII rules are different among China’s financial regulators (Insurance, banking and Investment), Quota’s granted under QDII were not tradeable, transferable or lendable and money tended to be invested in Hong Kong under the QDII regime.

Day two of the conference began with representatives from the Shanghai Stock Exchange, the Shenzhen Stock Exchange, the Taiwan Stock Exchange and the Tokyo Stock Exchange presenting their technology, their achievements and the futures of their respective exchanges.

The roundtables held both days offered a great opportunity to discuss directly with industry players on topics including Enhancing Trading Performance, How OMS/EMS’s can enhance trading efficiency, ETF’s in China, the use of algorithmic trading and the buy-side only table that examined the challenges and opportunities in China.

The delegates represented a wide swathe of the vendor community with a few demonstrating their commitment to China. Such as Janet Lustgarten, the founding principal of KX systems, who came all the way in from San Francisco. Fidessa was also well represented with JP Baron the new Managing Director of Asia and Simon Barnby the Global Head of marketing in attendance. Other notable personalities included Daryl Guppy, Helena Hu from IPC, David Wormald from NYSE Euronext and Vincent Lo from Sophis.

It was a great opportunity to meet the industry and local buyside to feel the pulse of electronic trading in China.

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