SHENZHEN, China, May 22, 2014 /PRNewswire/ -- Huawei, a leading global information and communications technology (ICT) solutions provider, announced the launch of the InvesTrade one-stop securities trading platform, which was developed in partnership with Infocast, a leading financial information technology supplier. Built on Huawei's all-in-one, cloud-based FusionCube IT system, the InvesTrade platform is an integrated trading and market data system that processes high volumes of transactions with low latency, that aims to establish mutual stock market access for investors between Mainland China and Hong Kong.
The system processing speed will enable it to handle 1,000 single transactions per second, with an individual transaction speed of less than 20 milliseconds, a substantial improvement over the industry standard of 200 milliseconds of latency. The platform is expected to significantly enhance the efficiency of stock trading in the financial services industry.
Initially designed to enhance the service offerings of financial service organizations, the InvesTrade platform has become particularly relevant following the approval of the Shanghai-Hong Kong Stock Connect Program by the China Securities Regulatory Commission (CSRC) and the Hong Kong Securities and Futures Commission (SFC) last month.
Through joint research and development efforts by Infocast and Huawei, the InvesTrade platform employs Huawei's FusionCube that is fully compatible with the Hong Kong Stock Exchange's Orion system. It delivers high performance and is reliable, flexible, user friendly and can be configured to meet specific customer requirements. Based on industry leading converged infrastructure for software and hardware, FusionCube fully integrates computing, storage and network equipment while also combining the distributed storage engine, visualized platform and cloud management software into one solution. FusionCube helps enterprises reduce the service roll-out time from several months to several days, protecting enterprises from downtime and business interruption. To meet the needs of financial services organizations that operate in a fast-paced and high-risk environment, FusionCube supports on-demand resource allocation and speedy scale-out.
"The Shanghai-Hong Kong Stock Connect Program presents brokerage firms with a new and exciting challenge, where on one hand they need to adjust their strategy while on the other hand, they need to provide clients with solutions that are more efficient. The market requires a dynamic stock trading platform that is high-speed, stable and enables diversified financial services," said Cecily Ho, President of Infocast. "When developing the platform, our goal for speed was to support 1,000 single transactions per second for a single customer, with individual transaction speeds of less than 20 milliseconds, and we are very pleased to have achieved that goal. We also needed to support diversified services, changing customer needs and new technology and market developments such as the introduction of the Shanghai-Hong Kong Stock Connect Program that will be rolled out in June."
Mr. Ren Zhipeng, President of IT Cloud Computing at Huawei said, "Open collaboration is important for the future development and growth of the IT industry. As our customer base expands, we recognize that relying on one company's expertise will not be enough to provide innovative solutions and quality services to companies across a range of sectors. That is why Huawei is committed to collaborating with industry partners who are experts in vertical markets, to jointly develop integrated and advanced cloud computing technology and applications. Huawei's partnership with Infocast is an important milestone for both of our companies because we are consolidating our capabilities as leaders in our respective industries to provide powerful products and solutions that make a difference to the businesses of our customers in the financial services industry."
For photos of the unveiling of InvesTrade, please download online: https://www.flickr.com/photos/huaweienterprise/sets/72157644684199272/
Infocast Limited incorporated in 1996, is a leading financial information, trading, technology and total solution provider and has a proven track record for major banks and brokerages. For more information, visit: http://www.infocastfn.com/
Huawei is a leading global information and communications technology (ICT) solutions provider. Huawei is committed to creating maximum value for telecom operators, enterprises and consumers by providing competitive solutions and services. For more information, visit Huawei Enterprise Online: enterprise.huawei.com
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