Horizon Software a leading provider of electronic trading solutions and algorithmic technology, is making its trading and algo solutions available in the fast-growing Vietnam market.

Throughout the pandemic, capital has poured into the Vietnamese stock market – surging 20% to US$16.64 billion last year. With average transaction value estimated at US$304.8 million per session, up 51.5% year-on-year, the market is set for greater electronification.

Since 2017, Horizon has established a strong partnership with Ho Chi Minh Stock Exchanges (HOSE) and has supported the stimulation of the Vietnamese markets through market making and the issuing of Covered Warrants. Horizon currently has five leading security houses in Vietnam currently using Horizon software.

Horizon is also aiming to expand its OMS across the region. The OMS offers a cross-asset platform for cash and derivatives, an algo factory for sophisticated trading strategies and automated & low latency technology inherited from principal trading.

BSC, one of the leading security houses in Vietnam, commented: “For almost two years now, we have benefited from the advanced functionality, flexibility, stability and reliability of the Horizon trading technology which has helped augment efficiencies in our trading workflows.”

Emmanuel Faure, Head of APAC sales at Horizon, added: “We are committed to working closely with our clients to develop reliable solutions that work across the APAC and globally. Localised solutions have always been the primary driver, enabling us to maintain our position as the leading provider in the Vietnamese market. This year we will step up to the next level from market making to a next-gen cross-asset and cross businesses algo platform.”