Arqaam Capital in the UAE Signs with Horizon Software for Electronic Market Making Solutions

  • Trading Systems
  • 11.05.2023 10:25 am

Horizon Software (Horizon), a global provider of electronic trading solutions and algorithmic technology for the global capital markets, announces today that Arqaam Capital, one of the leading trading members on both the ADX and DFM in the UAE, will use Horizon Electronic Market Making solutions for Arqaam Capital’s newly created market making desk.

Arqaam will leverage Horizon’s existing connectivity to ADX and DFM (amongst the other 80 exchanges worldwide it is connected to) to perform market-making on Stocks, Derivatives, and ETFs in the Middle East region.

Horizon’ market-making solution is used by more than 50 market makers across Europe, Asia, and the Middle East.  It provides a multi-asset class, low latency, and fully automated market-making solution, including pricing, risk management, and auto-hedging features.

Veselin TilevHead of Market Making at Arqaam, expressed: “We are very pleased to partner with Horizon Software, the leading provider of market making and algo trading technology. The partnership will provide us with the flexibility, scalability, and performance required to solidify Arqaam Capital as the leading market maker and liquidity provider in a highly competitive and regulated market. This will allow Arqaam Capital to offer a wider range of electronic trading products, diversify our revenue streams, and deliver high-quality services to our clients.”

Gerald Blondel, MENA Sales Director at Horizon Software, added: “It is an honour for us to be selected by Arqaam Capital, a well-established and respected financial services provider in the emerging markets, with strong electronic trading competence, vision and ambition. We look forward to successfully developing their market-making capabilities with them in the region. Currently, we are in use by three market makers in the UAE, and we will continue to establish a stronger presence in MENA and grow our support team in Dubai.”

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