Horizon announces market making and agency trading solution

Rick Steves

This will enable banks and institutional and retail brokers gain access to advanced functionalities in high touch, DMA, DSA and global order routing for equity and global derivatives.

Horizon Software has 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.

Functionalities for equity and global derivatives for 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.

Sylvain Thieullent, CEO at Horizon Software, said: “In today’s highly competitive and regulated environment, financial institutions must handle most of their order volume automatically, while still having the ability to work larger orders with care where required. At the same time, they also need to be continuously refining their market making approach to reflect technical advancements.

“Our highly automated hybrid agency and market making trading platform scales across asset classes and geographies to provide high touch and DMA functionality required to meet demands for high quality service from clients.”

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.

Expansion into MENA region

The software firm has recently expanded the range of services on offer to clients based in the MENA region, a strategic move into the wider business goals of Horizon.

Horizon is now looking to enhance its presence in the region by working together with Business France, in conjunction with the next key milestone, which will be to open an office to support clients on a local basis.

Business France Middle East is headquartered in Dubai and is part of a national agency that supports the international development of the French economy.

In 2020, Horizon enhanced its global EOMS product with improved automation of client order/execution workflow to create and trade derivatives strategies and improved performance, now supporting a trading scope of over 10 million instruments.

The EOMS product offers market connectivity to multiple global exchanges to seamlessly access liquidity venues for best execution and manage incoming client orders.

Users can also use a flexible single execution solution that integrates their own trading algorithms and can dynamically manage positions, portfolios, trade allocation and risk across equity and derivatives. The new version also supports the ability to trade single orders as well as multi-leg options strategies.

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