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Innovation Excellence Award: Infocast

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Alex Cheung, Director of Platform Strategy, Infocast Limited

Infocast has been supplying financial IT solutions to banks, brokerages and other financial firms in Hong Kong for over 18 years now.

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In that time the business has evolved from a provider solely of stock market information into a supplier of market news, front-office terminals, back-office settlement systems, and technical infrastructure, to its ever-growing number of clients.

Infocast’s ability to harness the latest developments in digital technology to meet its customer’s changing needs has been recognised in the 2015 Enterprising Hong Kong Awards with a nomination for the company in the Innovation Excellence Award category.

Cecily Ho, President, Infocast Limited
Cecily Ho, President, Infocast Limited
Anders Leung, Infocast’s Senior Compliance and Corporate Branding Officer, had some thoughts on what may have lain behind the nomination.

“Last year Infocast introduced the new InvesTrade all-in-one trading solution for brokerages,” he said. “It is the first one-stop shop solution enabling brokerages to establish their business operation. InvesTrade combines new technologies, such as cloud computing, with a traditional emphasis on stability and security to create a next-generation solution.

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“In addition, InvesTrade also has an innovative ‘Agent Solution’, which uses the cloud to enable InvesTrade subscribers to leverage off each other to indirectly access different markets.

“The InvesTrade Agent Solution was previously only possible through a separate FIX connection [one using the Financial Information eXchange protocol] between brokerages, which is cumbersome, expensive and problematic. Our solution encapsulates this connection, enabling brokerages, especially the smaller retail brokerages in Hong Kong, to leverage off larger, more established brokerages, to access overseas stock markets.”

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