Horizon Software today announced the launch of its new certified gateway to Borsa İstanbul. Horizon is the leading provider of electronic trading and algorithmic technology to the world’s exchanges, banks, brokers and fund managers and provides advanced trade order routing and execution connectivity to more than 80 exchanges. This latest integration will give institutions high-performance connectivity directly to Borsa İstanbul Derivatives Market (VIOP) via Horizon.

Gregory Couratier, Business Developer EMEA at Horizon Software, said: “We believe in the Turkish economy and the development of its capital markets. I am very pleased to provide connectivity to Borsa İstanbul and I am confident that our technology will contribute to increasing both the trade and long-term growth of the exchange within the global trading community. Horizon VIOP connectivity now provides our state-of-the-art market-making software to the Turkish trading community, where we expect to see a strong uptake, especially for futures and options trading.”

“We are continuously working on extending our market coverage and connectivity in response to our users’ requirements,” said Benoit Deckmyn, head of electronic trading at Horizon Software. “Our Trade Your Way philosophy puts our clients in control of the technology and our technology has now put our clients at the centre of the expanding Turkish derivatives market,” he added.

Çetin Ali Dönmez, Executive Vice President at Borsa İstanbul, said: “Horizon Software`s connectivity will further internationalise Borsa İstanbul and contribute to the rapidly increasing liquidity.”

“We are pleased to see Horizon Software extending its state-of-the-art technology to one of the fastest growing derivatives market in the world,” said Muammer Çakır, Head of Derivatives Market, Borsa İstanbul. “We are looking forward to seeing this collaboration help to further increase Borsa İstanbul’s global connectivity and accessibility.”