Horizon adds Binance connectivity to its crypto trading platform

Rick Steves

“We’re already connected to main cryptocurrency exchanges and offering full scope of Principal Trading strategies on crypto cash & futures through Market Making and Algo Trading.”

Horizon Software has expanded its crypto trading platform by adding Binance to the list of its cryptocurrency gateways, allowing clients to trade spot and futures on cryptocurrencies.

The provider of automated trading solutions and algorithmic technology has adapted its trading platforms to the world of crypto, which takes place 24/7 with quantity precision at 10-9.

Its algo framework and Principal Trading features allow users to implement long and short strategies, as well as arbitrage strategies to seize opportunities without being constantly glued to their computer or phone.

Strategies on crypto cash & futures through Market Making and Algo Trading.

Horizon has thus added Binance to its growing list of crypto gateways, which includes the likes of Coinbase, Kraken, Bitstamp, and Bittrex.

Vincent Dumontoy, Global Head of Product Management at Horizon Software, said: “Cryptocurrency market capitalization reached close to $3 trillion USD at its peak in November 2021. We believe cryptocurrencies are here to stay as market participants use them to diversify their portfolios and to perform transactions on-chain.

“As a cross-asset trading platform, cryptocurrencies are an integral part of Horizon’s strategy. We’re already connected to main cryptocurrency exchanges and offering full scope of Principal Trading strategies on crypto cash & futures through Market Making and Algo Trading.

“In 2022, we’ll extend our Principal Trading scope to options on Deribit and our Agency Trading modules will also handle 10-9 quantity precision to be able to execute crypto client orders. As our full trading platform & workflows become crypto-compliant, we believe Horizon is uniquely positioned on crypto markets”.

In November 2021, Horizon Software expanded its Electronic Trading platform to include market making and agency trading functions.

Offered in one single platform powered by Horizon’s algo framework, the firm’s Market Making and Algo Trading services leverage its expertise in latency, scalability and expertise in algo and execution strategies to banks and brokers.

The market making and agency trading solution features advanced functionalities in high touch, DMA, DSA and global order routing for equity and global derivatives.

This will enable banks and institutional and retail brokers to meet the trading challenges of today and tomorrow.

Horizon stated that clients using their Market Making solution are now expanding towards client order flow and execution through one single platform, optimizing their running cost and implementing cross businesses logic such as Internalization or Central Risk Book.

Horizon’s Managed Services and Hosting is a complementary service that turns the solution into a one-stop shop and takes ownership of upgrades, monitoring, configuration, and full users support.

Read this next

Digital Assets

OneCoin founder Ruja Ignatova is selling penthouse in UK

OneCoin founder Ruja Ignatova, who steered one of the world’s biggest cryptocurrency frauds, is back into the spotlight more than five years after vanishing from the public eye.

Digital Assets

Bitpay taps MoonPay to offer access to +60 cryptocurrencies

Crypto payment service provider Bitpay said it’s partnering with exchange and web3 infrastructure provider MoonPay to provide its users with easier access to buy cryptocurrency instantly.

Digital Assets

New York investigates Gemini over FDIC insurance claims

New York regulators are investigating Gemini over “false and misleading” claims the Winklevoss-owned exchange had made about whether client funds are insured by the government.

Digital Assets

Binance launches Mastercard-backed crypto card in Brazil

In partnership with Mastercard, crypto giant Binance is launching its pre-paid card offering cryptocurrency “rewards” on customers’ purchases.

Digital Assets

Circle publishes a breakdown of USDC reserves for December

Boston-based stablecoin issuer Circle has revealed a breakdown of its reserves for December 2022, as well as a complete list of USDC reserve custodians.

Retail FX

Monex reports lower revenues as crypto downturn bites

Monex Group has reported its Q3 2022 financial metrics, which saw a reversal in terms of its revenues as TradeStation was grappling with a crypto market crash that has tanked the profitability of its crypto business.

Inside View

Broadridge report finds 27% of firms’ overall IT budget goes to digital transformation

“A new chapter in digital transformation is emerging. In our work with clients across the financial services industry we see leading firms are already reaping the benefits from digitalization and the use of technologies such as AI and blockchain/DLT, as they adapt to economic headwinds and new competitive dynamics”

Executive Moves

Ripple announces Monica Long as President

“I’m incredibly honored to take on the role of President at Ripple as we expand deeper into crypto-enabled services like liquidity, settlement and custody.”

Executive Moves

Arabesque AI appoints Carolina Minio Paluello as CEO

“Arabesque AI is uniquely positioned to service the asset management industry’s need to meet the growing market demand for hyper customised portfolios.”

<