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China banks get new trading floors

Veronica C. Silva | March 22, 2011
Orange Group subsidiary was tapped to be lone overall contractor to design and implement new trading floor solutions.

MANILA, PHILIPPINES, 22 MARCH 2011 – An international unit of France’s Orange Group recently delivered to two China banks a comprehensive trading floor system, complete from systems design to implementation, and even furniture and fixtures.

Orange Business Services - Trading Solutions installed new turnkey trading floor solutions at China Minsheng Banking Corporation (CMBC) and Evergrowing Bank (Hengfeng bank) which needed fast and modern trading systems for their Shanghai offices.

By being the single point of contact for the banks, Orange Business Services - Trading Solutions was able to deliver the complete solutions and components of the project 12 weeks after the contract signing. The two banks went live with their new trading solutions in October 2010.

Yang Yue, vice president of financial marketing, CMBC, said that after approaching other suppliers for the project, they opted for Orange Business Services - Trading Solutions because it was the only one capable of supplying all the requirements for the project.

From design to fixtures

From basic design of the layout of the trading floor itself and then the infrastructure, the Orange subsidiary also delivered the trading floor platforms, voice recording systems, power and data cabling. It coordinated with the other suppliers of the entire trading floor components, including suppliers for furniture, lighting system, oil paintings and clocks.

The Orange unit also got for Evergrowing Bank a Cisco network system, HP blade servers and CCTV.

 “Orange Business Services - Trading Solutions handled  external suppliers on our behalf, saving us a huge amount of time so our staff could focus on business rather than setting up the trading room and managing the logistics,” said Chi Dexian, general manager of financial marketing, Evergrowing Bank.

The CMBC trading room is now equipped for 50 traders while Evergrowing’s can handle 45.

Orange Business Services - Trading Solutions will also provide onsite maintenance, accountability and service support should it be required.

David Guérineau, vice president for Asia Pacific, Orange Business Services - Trading Solutions, said they expect more customers from the region to tap their expertise in trading floor solutions as China has shown progress in using these solutions in the past year.

 

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