The Acceleration of the Chinese Market – FIXGlobal Face2Face Electronic Trading Forum, China: September 2010

As Dr. Bai Shuo, CTO of the Shanghai Stock Exchange put it, the Chinese market resembles a leopard, as shown by its ability to accelerate at an incredible pace.

The tremendous success of this year’s Face2Face China Forum clearly demonstrated the accelerated interest in electronic trading and FIX in China. With 50+ buy-side and 80+ sell-side eager to hear the perspectives and technical solutions available, more than 200 delegates packed the ballroom at the Grand Hyatt Shanghai.

Early in the day, Dorothy Wang of Goldman Sachs highlighted the development of QDII and QFII technology and how they will enable the masses to be reached and ultimately the institutions will be the greatest beneficiary.

FIX as an enabler was at the core of discussions throughout the day, with numerous questions from the audience about Transaction Cost Analysis (TCA), Smart Order Routing (SOR), Algos and High Frequency Trading (HFT). Gordon Morrison, Global Head of Equity Trading Analytics at HSBC enjoyed an attentive crowd as he addressed the importance of TCA and the questions it can answer, specifically for fund managers. The number of delegates who requested to view the material, accessible on our website, indicates the educational value of his presentation.

To round up the day, the buy-side took the stage and aired their views about the increasing sophistication of the A-share market and how trading technology and services need to catch up through greater understanding and continued engagement with the regulator. International vendors were once again put to the test, with continued calls for collaboration with local vendors and the adaptation of products for the Chinese market, such as the translation of interfaces. Michael Wang, Head of Trading for China International Fund Management pointed out that China is, indeed, headed in the right direction, and a combination of more sophisticated technology, improved regulation, increased efficiency and an injection of expertise from Chinese nationals returning from overseas markets, together, form the shape of the leopard, accelerating the Chinese market into the global electronic trading arena.

Explore our website to learn more about future Face2Face Electronic Trading Forums, view past presentations or browse event photos.
http://fixglobal.com/f2f2010.php

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