News
Huawei and Infocast Unveils InvesTrade Securities Trading Platform System to Support the Implementation of the Shanghai-Hong Kong Stock Connect Program
May 2014 by Marc Jacob
Huawei, a 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.
