Core Insights - The integration of the centralized trading system is a key project in the merger of Guolian Minsheng Securities and Minsheng Securities, aimed at achieving a "1+1>2" effect and establishing a competitive "wealth investment bank" foundation [1][2] - The project involves the integration of 23 heterogeneous systems, providing long-term, stable, and reliable technical support for various wealth management and trading scenarios [1][2] Integration Efficiency and Quality - Guolian Minsheng Securities' merger is the first broker merger approved under the new "National Nine Articles," drawing attention to the efficiency and quality of system integration [2] - The previous operation of different centralized trading systems led to high operational costs, fragmented customer experience, and dispersed data, which could not meet regulatory requirements post-merger [2] - The integration faced significant risks due to differences in data structure, business processes, and interface specifications, but a unified data mapping and conversion rule was established to mitigate these risks [2][3] Successful System Transition - On October 9, the project successfully completed the comprehensive integration of the centralized trading and operation core systems, supporting a wide range of business scenarios and ensuring a unified customer experience [2][4] - The new system processed 640,000 customer transactions on the first day of switching, with a transaction amount of 9.476 billion yuan, maintaining a "zero-failure" operation throughout [4] Asset Management and Risk Control Integration - The project also completed the integration of the core investment trading management system O32, which includes account management, instruction management, trading execution, and risk control management [3][5] - The integration aimed to unify data standards and optimize business processes, ensuring accurate migration of massive data [3][5] Future Collaboration and Industry Impact - The merger has positioned Guolian Minsheng Securities among the top in the industry in terms of asset scale, with significant reductions in compliance marginal costs and unified real-time monitoring achieved through the integration of risk control systems [5] - The collaboration between Guolian Minsheng Securities and Hengsheng Electronics is expected to explore more replicable solutions in the broker merger wave, enhancing core competitiveness in high-quality development [5]