Huatai Financial Holdings, a Hong Kong-based subsidiary of Huatai Securities Company Limited (HTSC), has implemented Fidessa’s order management and execution system.

HTSC is one of the largest online securities trading firms in mainland China, with Huatai Financial Holdings acting as its Hong Kong-based securities trading subsidiary.

As part of HTSC’s expansion plans in the region, Fidessa’s system will be used as the firm’s Asian trading platform in order to support HTSC’s equities business across the Shanghai-Hong Kong Stock Connect markets.

HTSC raised over $4.5bn last year in its IPO on the Hong Kong Stock Exchange and is the tenth Chinese-owned broker client to join the Fidessa network, which carries more than $1.7tn each month across 215 markets globally, according to Jean-Pierre Baron, managing director at Fidessa Asia.

The news comes after last week’s announcement that financial systems provider Alpha Omega would use Fidessa’s Affirmation Management Service (AMS) for its FIXAffirm post-trade service.