Guotai Junan International Launches Trading Operations in Hong Kong by joining Hands with Finastra
CEO Insights team, Press Release
With a single solution to address many challenges of derivatives trading, risk management, and trade processing, Fusion Sophis has enabled GTJAI to fast-track its expansion and offer a wide variety of sell-side derivatives. At the same time, it has also been able to develop the systems it needs to manage a dynamic and complex risk portfolio from one stable, intuitive and highly flexible platform. Unrivalled portfolio management allows traders to stay one step ahead of the market, confident in the knowledge that they also have the most advanced risk and collateral management tools.
On the launch of its trading operations, Henry Yu, Head-Financial Products, Wealth Management GTJAI, says, “We are committed to building a totally new platform in Hong Kong to cater for the needs of our clients for tailor-
We chose to partner with Finastra, as their platform gives our traders the tools they need to effectively manage daily operations and associated trade life-cycles.
made OTC structured products and exchange-traded derivatives products, such as Warrants and Callable Bull/Bear Contracts.” “To make this venture a success, we wanted to find a versatile, stable and scalable trading solution that would enable us to price and manage, on a real-time basis, the market risk of a wide range of financial instruments. We chose to partner with Finastra, as their platform gives our traders the tools they need to effectively manage daily operations and associated trade life-cycles. It has also helped us overcome the complex risk and compliance challenges associated with setting up operations in a new market, which has enabled us to get our business up and running in Hong Kong within seven months.”
“GTJAI had already built a highly successful security brokerage business in Hong Kong, so expanding operations to become a full-service financial institution was a natural next step," says Wissam Khoury, GM & SVP - APAC and MEA, Finastra. “We knew that getting to market quickly was important, and the Finastra Global Services team managed to achieve this by implementing our Fusion Adopt methodology. We also worked side by side with the GTJAI team to provide the right training, meaning that traders got to grips with the solution faster. We are pleased to have helped GTJAI get to market so quickly and we look forward to continuing to work together in the future,” he adds.