China Merchants Securities offers customers algorithmic trading


China Merchants Securities recently revealed that it is offering low latency, algorithmic trading to its Chinese retail customers. The Chinese bank also plans to extend its offering to institutional buy-side clients in the future.

Algo trading is taking off in China and in an effort to reach out to high net-worth retail customers, China Merchants Securities adopted the Progress Apama Capital Markets platform from Progress Software last June.

The Chinese firm offers eight common strategies for equities and equity derivatives including volume-weighted average price (VWAP), and also provides tailor-made strategies to client. In the future, China Merchants Securities will expand the platform to other asset classes including financial index futures and commodities futures.

"Algorithmic trading in China has been growing but few brokerage firms can offer clients a customizable, scalable and robust algorithmic trading platform with ultra-low latency. To provide these value-added services to our customers and grow our retail business, we decided to build our algorithmic trading platform on top of the Progress Apama Platform. Our first goal is to expand our presence in retail markets followed by our institutional buy-side clients," says GuangYan Wu, general manager of individual investor dept. from China Merchants Securities.

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