Brokerages Said to Rethink Ties with Firms Making Trading Software

(Beijing) – Many brokerage firms in China are reassessing their ties with companies developing stock trading systems amid a crackdown on software that aids unsupervised margin trading, several people in the securities industry say.

Huatai Securities said on September 10 it will stop letting its customers trade stocks through a series of mobile applications developed by outside companies. The change comes into effect on September 25.