ONLINE TRADING
CN-Markets launches online PNS trading interface
Apr 27 2001 11:05AM
ChinaWeb
CN-Markets, the operator of one of Hong Kong's most popular financial websites, E-finet.com (www.e-finet.com), today officially announces the launch of its Proprietary Network System (PNS) trading interface that enables traditional brokerage firms to convert to reliable online securities trading. The CN-Markets PNS trading interface is fully compatible with Hong Kong Exchanges and Clearing Limited (HKEX) Order Routing System (ORS) within its latest AMS/3 online trading infrastructure.
The launch of the PNS trading interface is the latest effort by CN-Markets to help brokerage firms take advantage of the business opportunities from online trading that is quickly becoming popular in Hong Kong.
The CN-Markets PNS trading interface has been developed to be comprehensive in functionality, but affordable in cost, thus reducing the initial capital outlays and resource management for small- and medium-sized brokers once needed to offer online trading. As a result, the CN-Markets PNS trading interface not only frees brokerage firms from the hassle of developing an in-house trading system, but also benefits them from having only to pay a relatively small amount per month to obtain the full-line of online trading solutions. The solutions include multi-functional trading capability, including the PNS trading interface, hosting services and a wide range of financial tools consisting of CN-Markets Financial Information Feeds (FIF) and terminal services with streaming quotes and live news and analysis.
CN-Markets Chief Executive Officer, Mr. George Yu, explains, "In offering this high quality and reliable PNS trading interface, our objective is to help small- to medium-sized brokerage firms initiate the dynamic business of online securities trading and also to make it a competitive product in the e-trade market. We are extremely delighted to see more than twenty brokerage firms already showing interest for the CN-Markets PNS trading interface. Sincere Securities is particularly the first amongst a list of our confirmed clients to be already using and putting their faith in our new interface."
The Hong Kong Exchanges and Clearing Limited Senior Vice President of E-Business and Information Services, Mr. Roger Lee, adds,¡§It is our pleasure to have CN-Markets become one of our earliest PNS vendors. We believe that the new trading facilities will contribute to increased efficiency in securities trading, lower trading costs, as well as benefit brokerage firms to expand business both in the domestic and international markets."
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