According to Fidessa, the LatentZero implementation is providing pre- and post-trade compliance, portfolio analysis, order management and trading functionality.
It enables Ping An to consolidate and scale not only its international investment division but also its domestic operations, which provides access to equities, bonds, repos, funds and deposits traded on the Shanghai and Shenzhen exchanges and the CFETS interbank system, said Fidessa.
Following on from this successful deployment, Fidessa and Ping An have agreed to expand their partnership during 2011, with further functionality being deployed later in the year.
Ping An director of technology Albert Lee said they have global growth ambitions and are undertaking a significant change programme to ensure that they have the very best technology in place to support their trading activities, both in China and on the international stage.
Fidessa in Asia managing director Jean-Pierre Baron said its technology offers China’s fund managers increased control and efficiency, enabling them to scale both domestic and Qualified Domestic Institutional Investor( QDII) operations effectively.
"The requirement for such sophisticated technology designed to meet the precise needs of local companies with international ambitions, along with an increase in global companies seeking to do business in China, is driving demand for our products," Baron said.
