CITIC expansion has been traced through the implementation of FINCAD’s F3 analytics, which aims to support CITIC’s equity derivatives business growth in Asia.
CITIC Securities Company Limited is one of China’s leading investment banks and recently, its net profit almost doubled according to reports. The preliminary H1 net profit of the company grew by 93.18% at $657.24 million. The company, being an established and progressive institution, made it possible to become among the constituent stocks of both MSCI China Index and SSE 50. Besides such, it maintains its high status in the capital markets of China, particularly with the assistance of its investment banking, securities brokerage, and asset management areas.
CITIC expansion is made feasible by F3 solution, which is delivered by the world-leading provider of solutions for valuation and risk management to over a thousand of organizations globally—FINCAD. The application of F3 solution will be focused on supporting mainland China and Hong Kong trading. Plus, the implementation of industry-standard global market data and the nation’s market data will take place. In just a few months, CITIC declared that the company is prepared for real-time trading operations.