CASH Algo Finance Group Ltd. (“CAFG”) is a member of Celestial Asia Securities Holdings Ltd. (“CASH Group”, SEHK: 1049). Established in 1972, the CASH Group is a leading multi-faceted service conglomerate, with solid foundation in financial services industry. CAFG marries expertise in financial markets with innovation in technology, engaging leading edge FinTech to create superior and sustainable value for investors.
As the Asia pioneer in quantitative and algorithmic trading, CAFG has been delivering stable returns since 2009, through multiple rounds of market turbulence. Such proven track record is backed by strong infrastructure R&D and active adoption of disruptive technology. CAFG has established a one-stop platform in-house for the entire investment lifecycle, supporting data analytics, strategy deployment, smart execution and robust risk management.
Our Unique Strengths
As a first mover in the field, we have the unique strengths to combine the following key success factors:
Real-Time Risk ManagementApplication of in-house risk monitoring interface and a centralised market/trading data analytics system help minimise risk around trading decisions. Our risk management mechanism includes both pre-trade controls and post-trade monitoring. Pre-trade controls are adopted in strategy development, trading execution and capital management, followed by immediate risk detection through post-trade monitoring.
Diversified PortfolioCAFG has a versatile platform supporting various types of strategies to be adopted for different products.
Strategies: High Frequency Trading, Cross-Market Models, Low Latency Requirements, Calculate Precision, etc
Products: Options and Futures, Commodity Futures (Metals), Commodity Futures (Agriculture), Funds (Exchange Traded Funds / Exchange Traded Note/ Mutual Funds, etc.),Equity,Fixed Income and Derivative Warrants, etc
Our One-Stop Algo Trading Solution
With our One-Stop Algo Trading Solution, we are committed to creating stable and sustainable investment returns for our clients.
1. Back Testing (Historical Data)
A simulation of trading strategy is done on relevant past data in order to gauge its effectiveness.
2. Paper Trade Testing (Real-Time Market Data Feed)
Real-time market data is used to test the effectiveness of the trading strategy.
3. Pilot Testing & Pre-production Risk Assessment
Pilot testing is a trial run of the trading process which can help catch potential problems.
Pre-production Risk Assessment is conducted to identify any risks that could occur during the trading process.
4. Co-location at Global Exchanges
World’s major exchanges are connected to the CAFG.
5. Risk Controls
Risk controls are applied on different levels to minimize the risks.
6. Production (Order & Execution)
The strategy is executed.
- 1998– Corporate mission of CASH Group (HKSE:1049) set to marry advanced technology with financial services
- 2009– CAFG, a pioneer in Asia,founded
- - The first algo-trading strategy launched
- - Expanded into global markets/products: equities, derivatives, commodities, index futures, currencies, etc.
- 2014 – Research center set up at the Hong Kong Science Park
- - Research & Development on one-stop trading solutions platform and a wide spectrum of trading strategies
- - Grew to 6 trading teams and over 30 trading strategies
- 2016– Granted SFC License on Asset Management
Re-define the financial market
- The world’s leading innovative trading infrastructure
- Across multiple channels, times zones and borders
- Low latency, high resilience and security
Be the pioneer in quantitative finance & algo trading
- Add value with personalised quant models and algo trading experience
- Leverage innovative ICT capabilities and a team of world-class professionals
Perform our social responsibilities
- Educate and promote quantitative finance amongst students
- Empower their career growth
Dr. Bankee Kwan, JP
DBA (Hon), MBA, BBA, FFA, FHKSI, CPM(HK), FHKIM
Dr Kwan is responsible for devising the overall business strategy of the Group. Dr Kwan has extensive experience in corporate management, strategic planning, marketing management, financial advisory and banking. An MBA graduate from The Murdoch University of Perth, Australia and a BBA graduate from The Chinese University of Hong Kong, Dr Kwan was also conferred an Honorary Doctorate degree in Business Administration. Dr Kwan is also a fellow of the Institute of Financial Accountants, UK; the Hong Kong Securities and Investment Institute and the Hong Kong Institute of Marketing (HKIM). He is a Certified Professional Marketer (HK) of HKIM.
Dr Kwan is a firm believer in youth education and development. He is a John Harvard fellow of the Harvard University, US; a member of the Harvard University Asia Center Advisory Committee; a trustee of New Asia College of The Chinese University of Hong Kong; an honorary fellow of The Open University of Hong Kong; a member of the Court of City University of Hong Kong, an Adjunct Professor of Hang Seng Management College and an advisory professor and a honorary member of the Board of Trustees of Nanjing University. Dr Kwan is also an honorary advisor of several higher education institutions, including the LiPACE of The Open University of Hong Kong and the Academy of Oriental Studies of Peking University
In addition to education, Dr Kwan is also active in serving the community. Currently, he is the deputy chairman of the Business Facilitation Advisory Committee (BFAC) and also the convenor of the Wholesale and Retail Task Force (WRTF) of BFAC; a non-executive director of the Mandatory Provident Fund Schemes Authority (MPFA); a standing committee member and deputy convener (Hong Kong and Macao Members) of the Chinese People’s Political Consultative Conference (CPPCC), Shanghai Committee; executive vice president of Hong Kong-Shanghai Economic Development Association; a Justice of Peace (JP) of the HKSAR; a member of the Election Committee for the Fourth and the Fifth Term of the Chief Executive Election of the HKSAR; a director, honorary advisor and past chairman of the Hong Kong Retail Management Association (HKRMA); a member of the Minimum Wage Commission (MCW); the Small and Medium Enterprises Committee (SMEC), Trade and Industry Department and the Organising Committee of the HKMA/TVB Awards for Marketing Excellence. Dr Kwan has also been a member of the Central Policy Unit of the Government of the HKSAR and an honorary advisor of the CEPA Business Opportunities Development Alliance.
In December 2009, Dr Kwan was named “Entrepreneur of the Year 2009” in the Asia Pacific Entrepreneurship Awards as organised by Enterprise Asia, which recognised his outstanding entrepreneurial success and significant contributions to economic life and society. In April 2016, Dr Kwan was named “Man of the Year for Leadership in Asia” by IAIR, the world’s leading financial magazine. The annual IAIR Awards recognise outstanding professionals who actively promote excellences in innovation and sustainability. In August 2018, he was bestowed with the “World Outstanding Chinese Award” organised by World Chinese Business Investments Foundation, which recognised his great contribution to the global Chinese society.
Prof. Hilton Chan
Prof. Chan is responsible for steering the Group’s strategic business direction. He is one of the pioneers in FinTech, computer forensics and information intelligence with solid operational experience in IT-Business strategies and architectural design, Algo trading IT-Business infrastructure, digital wallet apps using BlockChain and crypto-currency, and the FinTech/InsurTech infrastructure deployment. Prof. Chan received a Doctorate Degree of Philosophy in Information System Management from The Hong Kong University of Science and Technology.
MBA, FCCA, FCPA, FHKSI
Mr Law is in charge of leading corporate development projects of the Group. Mr Law has extensive experience in financial management and accountancy. He received a Master of Business Administration Degree from The University of Warwick, UK. He is a fellow member of The Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants, and a fellow of Hong Kong Securities and Investment Institute.
Dr. Alfred Ma
Executive Director and Chief Investment Officer
PhD, MPhil, BSc, CFA, PRM, ASA
Dr Ma is responsible for algo trading development. He has extensive experience in the field of financial engineering. He received a Doctor of Philosophy Degree in Operations Research from the Columbia University, a Master of Philosophy Degree in Mathematics and a Bachelor of Science Degree in Mathematics from The Chinese University of Hong Kong.
Chief Financial Officer
BBus, CPA(Aus), CPA
Mr Li is responsible for overseeing the Group’s overall financial and accounting management. Mr Li has extensive experience in the fields of financial and accounting management. He received a Bachelor of Business Degree from Swinburne University of Technology, Australia. He is a Certified Practising Accountant of Australia and a Certified Public Accountant of the Hong Kong Institute of Certified Public Accountants.
Ms Wong is in charge of the operations of CASH Algo Finance Group. Ms Wong is an Executive MBA of Tsinghua University, Beijing and is a Chartered Financial Analyst. She has extensive experience in financial services and wealth management in North America, Hong Kong and Mainland China.
Our clients are like-minded professional investors:
- High Net Wealth Individuals
- Endowment Fund investors
- Pension Fund investors
- Sovereign Fund investors
Together with our clients, we would achieve investment goals of:
- Stable return
- Rigorous risk control
- Strict Discipline
Our team and clients share the belief in rule-based methodologies, empowering mathematical and statistical models driven by advanced technology.
The following articles are the media coverage of CAFG:
- 2016/17 media coverage
- 2015/16 media coverage
Grand Times 1 April 2017
Hong Kong Commercial Daily 28 February 2017
Metro Daily 22 February 2017
Sing Pao 20 February 2017
Metro Daily 20 February 2017
Hong Kong Economic Journal 20 February 2017
RTHK 19 February 2017
Hong Kong Economic Journal Financial News 19 February 2017
881903.com 19 February 2017
Oriental Daily 3 May 2016
cpjobs.com 15 April 2016
JiuJik 15 April 2016
Ta Kung Pao 12 April 2016
Hong Kong Commercial Daily 8 April 2016
CT goodjobs 24 March 2016
We provide an algo incubation service to assist algo traders, quant strategists, and academia who want to research, develop, test and launch their trading ideas. We can help to develop and program the trading strategies, execute trades, provide funding, control risks, as well as supporting legal, operational and administrative matters.
For algo traders who have existing models, we can provide back-test and verification services to test out the models in other markets.
Algorithmic trading course:
For Junior in Algo Trading, we provides programs for training them to acquire the essential skills to excel in this financial industry.
Please kindly find below link to the CQFL website for Algorithmic trading course Details.
Cash Quant-Finance Lab Limited (CQFL):http://qflab.cashalgo.com/
Co-operation with Universities
CAFG co-operates with colleges and universities from world’s top-notched institutions including:
- Boston University
- City University of Hong Kong
- Columbia University
- Harvard University
- Massachusetts Institute of Technology
- Stanford University
- The Chinese University of Hong Kong
- The Hong Kong University of Science and Technology
- The University of Hong Kong
(listed in alphabetical order)
- Inter-University Algo Trading Contest http://algocontest.cashalgo.com/
If you are interested in finding out more about our services, please contact us at:
28/F, Manhattan Place, 23 Wang Tai Road
Kownloon Bay, Hong Kong
Unit 518, 5/F, No.12 Science Park West Avenue
Hong Kong Science Park, Hong Kong
Unit 405-414, Level 4,
Core E, Cyberport 3,
No. 100 Cyberport Road, Hong Kong
Room 201, Block A, No.1, 1 Qianwan Road, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen, P.R.China
Room 108, 26 Jiafeng Road, China (Shanghai) Pilot Free-Trade Zone, Pudong New Area, Shanghai, P.R.China
Tel: (852) 2287 8031 Fax: (852) 2287 8000