[This message was posted by Ron Ko of Reuters <[email protected]> to the "Asia/Pac" discussion forum at http://fixprotocol.org/discuss/18. You can reply to it on-line at http://fixprotocol.org/discuss/read/8a661b3f - PLEASE DO NOT REPLY BY MAIL.]
> > > Bump. Anyone? > > > > > > > Does any foreign buy-side firm actually sent orders by FIX to > > > > mainland China brokers for execution on Shanghai or Shenzhen?? > > > > > > > > If you do this - please do get in touch with me - I'd like to see > > > > what problems you encountered or if it was all smooth... > > Hi John, The main issue isn't really on the FIX side, its more on > > physical connectivity due to PRC telco regulations and costs, and of > > course language depending on what firms you are dealing with. Some > > issues with investor IDs but thats usually configurable. Feel free to > > contact me if you want to discuss further. > > > > DLee > > STEP protocol has been designated as a national standard for connection > between brokers and the exchanges in China. STEP is based on FIX and has > been developed in close cooperation with FIX organization. > > However, it is a protocol "newly" published and is not yet widely > supported by the exchanges yet. > > For buy-side firms connecting to brokers in China, I suspect most > brokers in China may not have the corresponding capability to support > FIX though I could not exclude the existence of a few exceptional cases. > That could be confirmed through a survey with a few technology-more- > aggressive brokers. > > Local regulatory restrictions on foreign investors participating in the > markets "dampen" the need further, other than the telco and language > issues raised by DLee. > > David Quite a few Chinese brokerage firms have the cap. and experience in trading via FIX connection. For QFII buyside they can trade A-share while others trade B-share. Several FIX vendors can help. Leaseline is not a problem and the cost is around 2K RMB/mth. Ron [You can unsubscribe from this discussion group by sending a message to mailto:[email protected]] --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Financial Information eXchange" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/FIX-Protocol?hl=en -~----------~----~----~----~------~----~------~--~---
