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The firm will use the OMS to manage orders from its clients in mainland China as well as to help target new buy-side firms in China and overseas.
In a statement, Eric Lee, executive director of Guotai Junan Securities, said, "With GL Stream, SunGard offers us a functionally-rich trading platform dedicated to trading in Hong Kong. It helps us to monitor all our trading activity and allows us to provide DMA connectivity and advanced execution services to our clients. SunGard's GL Stream is a key component of our strategy to establish stronger connections with new and existing institutional clients."
GL Stream will support Guotai's traders in the collection of DMA or non-DMA orders from Chinese or international investors looking to invest on the Securities Exchange of Hong Kong (SEHK).
Added Franck Peltier, managing director of SunGard's global trading business in Asia, in the statement, "China's buy-side firms are investing more and more in Hong Kong and foreign markets. Hong Kong brokers therefore have an increased need for order management systems. Guotai's selection of SunGard validates our commitment to supporting sell-side and buy-side institutions in emerging economies reach their development objectives."
