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Reston, VA, 9/20/2016
Software AG (Frankfurt TecDAX: SOW) announced today that China Galaxy Securities Co., Ltd (SEHK: 6881), a Chinese brokerage and investment bank, was presented with the Securities and Futures’ Science and Technology award by the Securities Association of China (SAC) for their use of Apama for Algorithmic Trading and Pre-Trade Risk Management utilizing its comprehensive security controls. Headquartered in Beijing, China Galaxy Securities is one of the largest securities brokers in the People’s Republic of China.
Wang Jinyan, General Manager of Electric Commercial Department, China Galaxy Securities Co., Ltd, said: “We are honored to receive the Securities and Futures’ Science and Technology award from the SAC. It reflects our commitment to provide our clients with the best and most secure algorithmic trading platform and service.”
China Galaxy Securities selected the Apama Streaming Analytics platform in response to the growing demand from institutional investors in China for more algorithmic trading services. These investors want access to low-latency, high-frequency Algorithmic Trading strategies, arbitrage trading and hedge fund services across multiple asset classes that also meet the needs of the Chinese securities market with comprehensive security and risk management.
The Apama platform enables China Galaxy Securities traders to create customized execution algorithms that operate on domestic markets and can manage high volumes of client order flow. These unique, customized strategies provide China Galaxy Securities’ institutional clients a significant competitive advantage.
Wang Jinyan continued: “Where milliseconds make a difference, it was critical that we developed an algorithmic trading solution that would empower us to compete further in a high frequency trading market with a competitive edge. As a truly innovative trading company, we’re always looking for ways that we can add value by diversifying our offerings for our clients or providing a better service. We believe the Software AG Apama platform allows us to quickly develop and deploy unique trading strategies to achieve dramatic advantages over competitors trading with commodity ‘black box’ offerings.”
In the next phase of implementation, China Galaxy Securities plan to use Apama for pre-trade risk management to pinpoint threats and tailor their responses regardless of source and without disruption to trading activity, while adhering to Chinese market regulations. This ability to respond will result in the bank’s ability to maintain regulatory compliance once activated and in the future by pro-actively monitoring and controlling trade execution in order to mitigate risk.
Wang Jinyan said: “One of the greatest challenges for securities banks is the ability to assemble the right pieces of information so that it is meaningful and timely. Without good understanding, the data is just noise. Brokers need detailed analytics to manage intra-day risk programs that can bend and flex with their business and the regulators’ demands. In addition to regulatory pressures, they face competitive pressure from clients who want proof of market integrity, best execution, and broker controls.”
Software AG’s Apama platform will enable China Galaxy Securities’ compliance and market monitoring staff to have deep insight into trade order flow and significant control over investigations of abuse and operational incidents. Furthermore, it will enable their brokers to rapidly modify real-time abuse detection scenarios, market monitoring scenarios and decision-handling so that they can keep abreast of regulatory changes, such as those required by the China Securities Regulatory Commission (CSRC), as well as the Dodd–Frank Wall Street Reform and Consumer Protection Act in the US or the Markets in Financial Instruments Directive II ("MiFIDII") in Europe.
Dr. Giles Nelson, senior vice president of Product Strategy and Marketing, Software AG, noted: “We are delighted that China Galaxy Securities has selected Software AG’s Apama to strengthen its mission critical Algorithmic Trading capabilities. The richness of the Apama platform will provide their traders with the algorithmic trading tools needed to continuously seek out the right liquidity, develop and execute trading strategies more rapidly than their competitors. This further affirms Apama’s market leadership and strengthens Software AG’s position as a leading provider of advanced capital markets software in Asia.”
Apama from Software AG harnesses the power of the unique Digital Business Platform – bringing together best-in-class capabilities of Streaming Analytics, Business and IT Transformation, In-Memory Data Management, and Integration.
About Software AG
The digital transformation continues to change enterprise IT landscapes from inflexible application silos to modern digital platform driven IT architectures which can deliver the openness, speed and agility needed to enable real-time digital enterprises.
Software AG offers the first end-to-end digital business platform - based on open standards, with integration, process management, adaptive application development, real-time analytics and enterprise architecture management as core building blocks - to help customers build their digital futures today.
With over 45 years of customer-centric innovation, Software AG is ranked as a leader in many innovative and digital technology categories. Software AG has more than 4,300 employees, is active in 70 countries and had revenues of €873 million in 2015.
Learn more at www.softwareag.com
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