GUANGZHOU, November 19, 2012 – GF Securities, one of the five largest securities firms in mainland China, selected Imagine Software's award-winning, cloud-based solution to satisfy its need for an integrated portfolio and risk management system. Following a successful pilot program, GF, an internal fund trading in equities, bonds, futures, and mutual funds, deployed Imagine throughout its risk management department.
Kong Wei Cheng, Vice General Manager of GF, said, "Imagine came highly recommended by a pioneer of the mainland financial services industry and, after using the system, it is clear why. Imagine's highly flexible and extensible risk management system is years ahead of what is offered by most local vendors. This ability to scale is an essential element for us, along with Imagine's capacity to support risk analysis and valuations encompassing the global derivatives market. We also continue to be impressed by the firm's rich practical experience, particularly that of CEO Dr. Lance Smith."
With the adoption of Imagine's sophisticated solution, GF can now execute 24/7 real-time stress tests and VaR calculations. The ability to conduct simulations—historical and user-defined—is also heavily utilized, along with the system's solid reporting engine. From an operational standpoint, GF fully expects to realize significant human resource cost savings by leveraging Imagine's cloud-based system.
Angus Johnston, Head of Asia-Pacific Sales at Imagine, said, "With the addition of GF Securities, Imagine now serves two of the top five securities firms in mainland China. We are honored by GF's selection and recognition of Imagine as an industry-leading risk management solution. We are delighted to help GF improve its operational efficiencies by providing a scalable solution that can be extended firm-wide and can grow with the fund."
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About Imagine Software
For nearly 20 years Imagine Software has been a leading provider of real-time investment management solutions to the global financial community. Since launching the first cloud-based integrated portfolio and risk management offering—the Imagine Trading System—in 2000, the company has continued to guide the industry as an innovator. The company's robust suite of products also includes the Imagine Financial Platform, an environment that extends Imagine's capabilities through Imagine Apps; the Imagine Marketplace, an online community to distribute and obtain Imagine Apps; and the Imagine Risk Aggregator, a web portal providing greater transparency into investments.
Headquartered in New York City with additional offices in Cleveland, Hong Kong, London, Sydney, and Istanbul, Imagine Software is the trusted solution for thousands of users at the world's largest hedge funds, funds of funds, brokerage firms, and investment banks.
For more information, visit www.imaginesoftware.com or contact us at 212-317-7600, or follow us on Twitter and LinkedIn.
About GF Securities
GF Securities is a leading full-service securities firm in China. Its business encompasses underwriting, M&A, brokerage, proprietary trading, and asset management. GF Securities upholds its core value of "practicality and realism, and development through professional knowledge and experience." As a commitment to its clients, GF Securities endeavors to provide the most creative and professional services in the market. GF Securities has a registered capital of RMB 5.9 billion and a staff of over 9,470. With 199 branches throughout China, it is one of the three largest banks in the country.