FX trading applications provider CFH Systems has formed a joint venture with Capital Market Automation Provider Ltd to accelerate market penetration in China. The partnership offers institutional clients CFH’s ClearVision technology combined with Capital Market Automation Provider’s local network infrastructure and specialization in MT4 hosted services, all supported by local market experts.
The joint venture builds on CFH Systems’ internet peering agreement with China Unicom, announced earlier this year, offering CFH clients a reliable low latency route when trading between China and Europe. Additionally, Capital Market Automation Provider also has server infrastructures in Equinix’s HK3 and Pacnet datacenter, as well as dedicated private connectivities between Shanghai, Shenzhen, and Tianjin to Hong Kong.
Ole Rossing, CIO, CFH Systems explains:
We are all aware of the huge potential in China. However, we knew that to capitalise on the opportunities available, we needed to find a local partner with strong local knowledge and excellent infrastructure. Capital Market Automation Provider Ltd was ideal, with a strong track record and a reliable local network already in place.
“Capital Market Automation Provider Ltd is present in two datacentres in Hong Kong and three China datacentres, in Shanghai, Shenzhen and Tianjin. This local network, combined with our own dedicated fibres between London and Beijing, puts us in a strong position to become a market leader in terms of technology, hosting and infrastructure solutions for institutional clients across China.”
CFH Systems China will be headed up by Jeff Chao, founder and CEO of Global Market Index who set up Capital Market Automation Provider Ltd in 2013. Jeff will head up a team of five, based in Shanghai.
Jeff Chao, Director of CFH Systems China adds, “Having been based in China since 2009, I have a clear understanding of the market requirements and the needs of retail FX brokers and banks. I’ve always been very selective about who to partner with and am extremely excited about the potential of the joint venture with CFH Systems. Their technology is second to none and provides all the tools required by brokers to manage an increasingly complex business. I feel that together we have a very attractive and scalable offering, particularly for new brokers looking for the full solution: technology, hosting and connectivity. In addition, with CFH Systems’ close partnership with UK-based liquidity provider CFH Clearing, I believe we are well positioned to offer an unrivalled front-to-back trading solution in Asia and beyond.”
CFH Systems has ambitious plans for growth across Asia. The company already has offices in Tokyo and Hong Kong, focusing on the sales and support of ClearVision, which provides brokers and banks with a complete trading and technology solution, enabling them to manage liquidity, risk, funds and reporting all within one system. CFH Systems China will extend its product and services to include popular trading technology, MetaTrader 4 into its product lines, allowing broker clients to utilize the popular front-end platform to grow their business.
CFH Systems specialises in developing advanced online trading services for financial institutions worldwide, mainly within FX and CFDs. Development spans from cloud-based, front-end trading applications, mid-office trading engines, integrated back-office systems and risk-management software. With a range of cloud-based products, CFH Systems also specialises in IT infrastructure, including hosting and security issues.