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South China Securities Ltd has introduced a computer system for stock trading from Korea Securities Computer Corp. based in the Republic of Korea (ROK).
The securities company, based in Shenzhen City of south China's Guangdong Province, signed an agreement in Shenzhen on May 22 to rent the computer system named "BASE21" from the ROK company.
With the technology, the stock trading system of the company's 16 branches nationwide will be standardized and run by the headquarters in a bid to improve efficiency and reduce costs, said Peng Xinqiao, general manager of the information center with the securities company.
The company's 16 branches currently operate the stock trading system independently and link directly to the stock exchange.
BASE21 supports all stock trading services that have been promoted in China, such as dealing, transferring, account management and report form management, Peng said.
According to Korea Securities Computer Corp., more than 40 securities companies in the ROK have rented the computer technology.
The computer system is expected to put into use in nine months.
(Xinhua News Agency May 27, 2003)
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