m-FINANCE assists CGSE to launch
the brand-new Gold Trading Platform

m-FINANCE is pleased to announce that the brand-new Gold Trading Platform (GTP) developed for the Chinese Gold and Silver Exchange (CGSE) has officially launched. m-FINANCE, as its designated technology provider, built the new system from scratch in just a few months – a feat that is highly praised by CGSE.

The Brand-new GTP for CGSE

Dick Tam, CEO of m-FINANCE, said: "It’s a pleasure for us to work with CGSE for the GTP project. m-FINANCE is involved in the whole development process including the initial requirements identification and the final system deployment. We trust each other and enjoyed our cooperation during the project greatly. m-FINANCE has a professional and dedicated team with an in-depth knowledge of the intricacies of trading, as well as a thorough handle on the back-office systems.With this cooperation, CGSE also expressed strong appreciation for the professional capacity and high-quality service of our team. m-FINANCE has been in the forex/bullion industry for 20 years. We know the forex/bullion world inside and out. We do not just provide professional technical support, but also maintain rich industry experience. I believe this is the reason why CGSE chose us as their technology partner for their new trading platform."

m-FINANCE and CGSE teams work and communicate closely

Brian Fung, CEO of CGSE, commented: “I am very glad to have received a lot of positive feedbacks from staffs and members alike, the new GTP has met or exceeded expectations regarding its performance, functions, ease of use and also its look-and-feel. I have no hesitation in recommending m-FINANCE to any firm that is looking for a partner to develop a reliable and effective system.”

The new GTP has been greatly improved in its performance and functionality.

Effective OTC Registration and Approval Mechanism

OTC code registration process has been optimized and efficiency has been greatly improved. The new system supports manual, batch, and even API upload of OTC registration records and can generate OTC codes automatically. The GTP also introduces a new OTC auto-approval mechanism which streamlines the approval process and reduces operator workload and human error.

Sub-Account Management

The new GTP allows for the creation of up to 5 sub-accounts for each CGSE member. Different permissions can be given to sub-accounts by member managers, among them a valid trader license number is required for the trade permission. The sub-account function provides better control for CGSE and CGSE members.

New and More Intuitive User Interface

The new system comes with a facelift with a much better user interface and improved user experience. Apart from showing order depth and accepting trade requests, the platform also provides added information such as bid-ask spread and live charts to enable members to be able to conduct in-depth market analysis. The filter function has also been improved for better viewing of the positions and orders.

Support Financial Information eXchange (FIX)

The new GTP supports Financial Information eXchange (FIX) protocol - Straight Through Processing (STP) solution, allowing CGSE members to send their clients' trading orders directly to CGSE, which then matches transactions automatically. The low-latency environment speeds up the transaction processing time and renders a high-quality trading experience for users.

Aside from the above new functions and features, the overall performance of the new system has been greatly improved. For example, the trading average response time has been increased by 16 times compared with the previous one, and the day-end process has also been increased by 6 times without shutting down GTP, which will enhance CGSE members' overall trading experience significantly.

The GTP will be constantly updated to match changes in the market and business needs of CGSE. m-FINANCE will continue to meet the commitment and provide CGSE and CGSE members with the best possible solution and service.