On October 9, with assistance from Hundsun Technologies, GLMS SEC achieved a critical breakthrough in its business integration process with Minsheng Securities. The centralized trading system for Minsheng Securities' brokerage business was successfully migrated in its entirety, enabling seamless integration of Minsheng Securities' brokerage clients into Hundsun's UF2.0 trading system.
On the first day of the migration, the system smoothly processed 640,000 transactions from migrated clients with a total trading volume of 94.76 billion yuan, maintaining "zero failures" throughout the process. This provides a replicable practical model for system integration during securities industry mergers and acquisitions.
The centralized trading system migration represents a key project in the wealth management business integration between GLMS SEC and Minsheng Securities, establishing a solid foundation for achieving "1+1>2" integration effects and building a competitive "wealth investment banking" platform. The project encompasses 23 heterogeneous systems, including core systems, peripheral systems, and downstream systems, providing long-term, stable, and reliable technical support for various wealth management and trading scenarios.
**Efficient Migration Sets New Standard for Heterogeneous Centralized Trading System Integration**
Amid the current wave of securities firm mergers and acquisitions, the GLMS SEC merger, as the first securities M&A project approved under the new "Nine Articles," has attracted significant attention regarding its system integration efficiency and quality.
Previously, GLMS SEC and Minsheng Securities operated different centralized trading systems. The parallel system operation resulted in high maintenance costs, fragmented customer experience, and scattered data, failing to meet regulatory requirements and business development needs for "one legal entity, one system, one brand" following the merger.
**Comprehensive Protection of Data Consistency and Business Continuity**
Merging two heterogeneous systems presented significant challenges due to differences in data structures, business processes, and interface specifications, along with business conflict risks. Leveraging deep understanding of underlying system architecture and extensive system integration experience, Hundsun developed unified data mapping and conversion rules and introduced a "multi-legal entity, single system" architecture to logically merge the two original systems.
The project ensured comprehensive data consistency and business continuity through account number expansion, data migration scripts, and multiple rounds of parallel clearing verification, exploring a low-risk, short-cycle integration path.
**Achieving "Zero-Perception" Customer and "Zero-Interruption" Business Migration**
To achieve seamless customer migration within an extremely short time window while strictly controlling risks and ensuring smooth business transition, Hundsun constructed a comprehensive and robust migration assurance system with detailed plans for each phase and system.
Following parallel testing of new and old systems, multiple rounds of network-wide testing, business verification, and stress testing, the system switchover was completed during the non-trading period of the National Day holiday, ensuring system stability under high-concurrent scenarios and achieving "zero-perception" customer and "zero-interruption" business migration.
**Comprehensive Support for Full-License Business and Diversified Innovation Scenarios**
On October 9, the project successfully completed production switchover, achieving comprehensive integration of centralized trading and centralized operations core systems in one go. The new system fully supports full-license business, over-the-counter business, credit and options, public fund investment advisory, and other diversified innovation scenarios, achieving highly intensive operational processes and ensuring integrated customer experience.
Unified customer management, unified account systems, and centralized operations will significantly reduce maintenance costs. The system's autonomous secondary development capabilities also substantially improve business response speed, laying the foundation for subsequent legal entity rebranding and architecture upgrades.
In the future, Hundsun will assist GLMS SEC in initiating legal entity rebranding preparations and new-generation centralized trading system (full-stack indigenous innovation) construction based on completed system integration, building a solid technical foundation for business innovation and development.
**Simultaneous Integration of Asset Management and Risk Compliance Systems**
**Asset Management** The project simultaneously completed integration of the core investment trading management system O32. As a key system for investment trading management, O32 covers numerous core functions including account management, order management, trade execution, and risk management. This merger involved migrating products originally operating on Minsheng Securities' O32 system to GLMS SEC's O32 system for unified management.
The merger required deep system integration, unified data standards, and optimized business processes. Addressing differences in business operations, trading chains, risk indicators, and peripheral system connections, the project team conducted thorough comparisons of modules, menus, data dictionaries, and parameters used between the two systems, utilizing customized migration tools to ensure accurate massive data migration and smooth, secure system switchover, providing customers with higher quality, efficient, and secure investment management services.
**Compliance Risk Management** The project completed compliance risk management system integration, achieving upgraded compliance risk management capabilities. First, it completed cross-institutional compliance system integration, unifying compliance risk control and monitoring standards. Second, it adapted regional business compliance, matching Minsheng Securities' investment banking advantages with GLMS SEC's wealth management characteristics to meet territorial regulatory requirements. Post-merger, through internalization of external regulations and systematic mechanisms, it strengthened policy execution foresight. Third, it completed technical system compatibility, aligning data granularity and risk control rule differences to achieve transaction-level compliance monitoring and unified compliance data.
Following the GLMS SEC merger, asset scale ranks among industry leaders. The compliance risk management system integration significantly reduces compliance marginal costs and achieves unified real-time monitoring. Additionally, the system integration combines both parties' advantages in compliance management business, achieving collaborative innovation in various compliance business management areas.
Over the past two decades, Hundsun has formed extensive and deep cooperation with the former Guolian Securities and Minsheng Securities in wealth management, asset management, institutional business, and compliance risk control. In this industry-demonstrative merger and acquisition, Hundsun has helped GLMS SEC establish a solid digital foundation for business development and innovation through comprehensive integration of multiple business systems.
In the future, Hundsun will partner with GLMS SEC to open a new chapter of cooperation in the fintech field. Simultaneously, Hundsun will explore and consolidate more replicable and promotable solutions and practical models for the industry amid the wave of securities firm mergers and acquisitions, helping securities firms build core competitiveness in their high-quality development journey.
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