China Telecom, SinoBull debut wireless stock trading system

The UAC Stock Exchange Online subsidiary of Hartcourt Companies Inc. and China Telecom-Beijing have launched the new wireless stock trading system that they recently debuted at PT/EXPO COMM CHINA 2000. UAC is a branch of the SinoBull Financial Group.

The wireless stock trading system is based on China Telecom's enhanced Cellular Digital Packet Data (CDPD) network, which is currently serving six major cities in China, including Beijing, Shanghai, Guangzhou, Shenzhen, Xiamen, and Changsha. The solution allows end users to access the Internet and execute secure stock trades over a wireless device connected to China Telecom's CDPD network. Demonstration of the secure wireless trading system received an enthusiastic response from attendees of PT/EXPO COMM CHINA 2000. With Internet security currently a top concern in China, direct routing of wireless transactions over the secure UAC162 intranet to brokerage offices was reassuring.

"We expect the wireless stock trading services offered through our partnership with China Telecom's CDPD network to provide significant new revenue generating opportunities in China," said Simon Zhang, president of UAC Stock Exchange Online.

"China Telecom has been looking for opportunities to install overlay networks such as CDPD to more fully utilize existing cellular networks and offer value-added data services such as the wireless stock trading solution now available via the SinoBull e-Finance Platform," said Charlie Q. Yang, CEO of Hartcourt.

Edited by Ellen Jensen
Managing Editor, Wireless Networks Online