Maybank’s Indonesia operation taps Horizon for Warrants market making

Rick Steves

“Horizon is the first provider to deploy our latest solution to help them quote and trade structured warrants actively on the Indonesia Stock Exchange. Ultimately, this demonstrates a key pillar of our growth strategy, providing customers with access to cutting-edge technology to better service their clients on a global scale.”

Jakarta Indonesia

Horizon Software, a provider of electronic trading solutions and algorithmic technology for global capital markets, has announced that Indonesia-based Maybank Sekuritas has successfully deployed Horizon’s Platform for Warrants Market Making.

This collaboration between Horizon Software and Maybank Sekuritas represents a significant milestone, bringing advanced technology and market expertise together to enhance the trading experience for clients.

Maybank Sekuritas, part of Maybank IBG, offers services in retail and institutional brokerages, investment banking & advisory, structured warrants, and research in Indonesia.

30 structured warrants on the Horizon platform

Horizon Software provides Market Making, Agency Trading, and Algo Trading Technology. The company integrates algorithmic technology into its electronic trading platform, offering direct connectivity to more than 80 exchanges worldwide.

Horizon focuses on enabling clients to create, test, and implement automated trading strategies in real-time, adhering to its ‘Trade Your Way’ philosophy. Its platform is easily integrable with rich APIs and safeguards traders’ proprietary strategies.

By utilizing Horizon’s platform, Maybank Sekuritas can provide clients with seamless execution, robust risk management, and real-time market monitoring, resulting in efficient and accurate warrant market-making operations.

One noteworthy aspect of this announcement is that Maybank Sekuritas is among the first clients to go live with Horizon’s warrant market making feature in Indonesia.

The firm has introduced 30 structured warrants on the Horizon platform, harnessing Horizon’s innovative technology to offer an improved trading experience to clients in the region.

Increased capacity for structured warrants market-making in Indonesia

Stefany Chew, Manager of Equity & Commodity Derivatives Indonesia at Maybank Sekuritas, said: “We were able to increase our capacity and capability to provide structured warrants market-making in Indonesia, thanks to Horizon’s platform. As the demand for our structured warrants is picking up, it is imperative that we continue enhancing the features to ensure a seamless market-making experience and boost our confidence in listing more structured warrant series in Indonesia.”

Emmanuel Faure, Head of APAC at Horizon Software, commented: “We are pleased to be Maybank’s Partner in Indonesia. As a result of this partnership, Horizon is the first provider to deploy our latest solution to help them quote and trade structured warrants actively on the Indonesia Stock Exchange. Ultimately, this demonstrates a key pillar of our growth strategy, providing customers with access to cutting-edge technology to better service their clients on a global scale.”

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