Avance Technologies, previously known as VMC Software, is a software company incorporated in January 1985, it went public in 1991.
The company started by providing global technology management services in Product Testing, Technical Communications, Management Consulting, IT Integrations & Implementations, IT Service Management, Help Desk, Technical Support, Outbound Sales and Marketing, and Channel Support.
Avance’s founders have more than 20 years experience in key aspects of development, implementation, and marketing of software solutions.Their professional experience include industry leaders such as LSI Logic, PeopleSoft (now Oracle), i2 Technologies.Their implementation experience include global leaders such as Northrop Grumman Corp., Hewlett-Packard, and Samsung. Avance Technology is building the next generation trading software that is scalable for performance and tolerant against system crashes.
Currently they have focused on connecting to Hong Kong Stock Exchange's AMS/3 system. There state-of-the-art clustering technology enables the company to sustain high availability and scalability while there proprietary multi-thread user interface technology enables them to build the most responsive user interface ever provided by a trading platform.
Products of the company include
Avance TradeServer - Avance TradeServer is a Broker Supplied System (BSS) compliant with HKEx's AMS/3 protocol. Its function is to route orders to HKEx's trading system. It has built in failover and clustering design such that multiple Open Gateways can be used for redundancy and real time failover.
Avance TradeStation - Avance TradeStation is a thick client designed for brokers and dealers to enter orders with credit management. Its state-of-the-art technologies are platform independent employing multi-thread design to enhance response time for the best user experience.
Avance TradePortal- Avance TradePortal is a thin client built with web 2.0 technologies for the best user interaction experience over the Internet. The targeted user are the Internet users who wants fast action to trade anywhere in the world over the Internet.
Avance Technologies, in 2008, set up its India development center in Hyderabad. The advantage of having a development center in India was that it can tap into the talent pools of India in the fields of Information Technology. The close proximity and small time difference of India from Hong Kong is also a factor in choosing Hyderabad as the location for this center.
The members of the company in India are seasoned engineers with expertise in the technologies that Avance uses. Together with its team in Silicon Valley, California, this development center will help Avance Technologies accelerate product development cycles. The diversified teams can also help Avance remain at the forefront of technology by knowledge transfer.
Avance Technologies established it’s headquarters in Hong Kong. Given the enormous growth potential of China and Hong Kong’s leading position as a major financial center in Asia, the choice of Hong Kong as headquarter was an obvious one. After assessing the technology landscape of Hong Kong, the founders of Avance believed that there are opportunities and needs to introduce the latest generation of technologies into Hong Kong's information technology landscape.Since information technology is indispensible for the financial industry, it was hoped that by introducing the latest and greatest technologies that have been proven elsewhere into Hong Kong, Avance Technologies can help to sustain and solidify Hong Kong's position as one of the leading financial
Future plan
Avance Technologies is building the next generation trading software that is scalable for performance and tolerant against system crashes.