Guotai Junan Securities (Guotai), a major Chinese securities firm, has signed up for SunGard’s GL Stream order management system for orders from its mainland China clients. SunGard’s GL Stream will also help Guotai to target new buy-side firms in China and overseas.

SunGard’s GL Stream will support Guotai’s traders in collecting direct market access (DMA) or non-direct market access orders from Chinese or international investors who want to invest on the Securities Exchange of Hong Kong (SEHK). The system will also help Guotai to manage orders sent to the SEHK, receive FIX orders and create new trading strategies.

According to Eric Lee, executive director of Guotai Junan Securities, GL Stream will “help us to monitor all our trading activity and allow us to provide DMA connectivity and advanced execution services to our clients.” He describes GL Stream as “a key component of our strategy to establish stronger connections with new and existing institutional clients.”

Franck Peltier, managing director of SunGard’s global trading business in Asia, says: “China’s buy-side firms are investing more and more in Hong Kong and foreign markets.” This gives Hong Kong brokers an increased need for order management systems, he says.