TORA, the leading provider of advanced trading technology and financial services, today announced the release of an enhancement to its Order and Execution Management System to accommodate the Shanghai-Hong Kong Stock Connect for clients.
The Shanghai-Hong Kong Stock Connect is a landmark initiative that allows cross-border trading between select Hong Kong A-shares and China H-shares. The initiative, with the Hong Kong and Shanghai stock exchanges, is expected to go live in Q4 2014.
“Stock Connect is an exciting development that ultimately opens up greater trading opportunities for the buy-side. Thanks to the enhanced functionality in the TORA OEMS, our clients will not only be able to access Stock Connect, but also make full use of the potential,” said Chris Jenkins, Managing Director of Asia Pacific at TORA.
As part of the enhancements, TORA has introduced several new features that allow for monitoring of the aggregate and daily quota, generating alerts and showing when the stocks are restricted to sells only. In addition, Stock Connect trading will also be available within the TORA Pairs trading tool.
“TORA has been working closely with our broker partners to ensure that we are ready for the launch,” said Jenkins. “This is one of the most important developments for China’s capital market structure and TORA clients will have a solution on day one.”
TORA is Asia’s leading provider of advanced trading technology and financial services. TORA’s unrivalled solutions span the entire trading process, offering a full suite of trade execution capabilities in markets across Asia, North America and Europe. TORA’s high-performance EMS/OMS has been designed from the ground up by traders, and is currently used by traders at hedge funds, long-only funds and sell-side proprietary trading desks. TORA also provides clients with access to its unique liquidity pools including Asia’s leading non-displayed matching engine. TORA’s dedicated Asia trading desk delivers to buy-side clients unmatched Asia expertise and extensive analytics focused on best execution. TORA’s extensive suite of proprietary algorithms (trading and strategy-focused) is fully customizable and broker neutral. TORA has over 175 employees dedicated to Asia, with offices in Tokyo, Hong Kong, Singapore, Sydney, and San Francisco.
Ryan Financial Communications
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