Horizon Releases a New Version of its Trading Platform

Horizon Releases a New Version of its Trading Platform
22.03.2016 01:30 pm

Horizon Releases a New Version of its Trading Platform

Trading Systems , Infrastructure

Horizon Software, the leading global technology provider for electronic trading and investment management, today announced a new version of its trading platform which extends functionality for electronic trading and market making of all listed structured products, such as warrants, CBBCs (barrier products) and ETFs (Exchange Traded Funds).

The new version allows traders to further customize trading strategies and has an advanced user interface. New functionality includes an improved external price cash module, which integrates with the issuers’ quant engines, along with enhanced compliance capabilities, such as real-time market making monitoring for warrants and options. This helps traders to meet ever-increasing regulatory demands which include an audit trail of all pricing and automated trading data, enabling institutions to explain to regulators their market behavior; information can also be provided to exchanges, as they increase their focus on and monitoring of the spreads and trade sizes offered by market makers.

“New participants are starting to enter the market in retail structured products. Until recently this was considered unprofitable, largely because of high marketing costs. However, this market is now becoming attractive for banks which are looking for a steady income,” Adrien Mastronardi, North Asia Sales Director at Horizon, commented. “The marketing costs have come down significantly, thanks to a much better understanding of the drives of the warrants market. Horizon is also playing its part in bringing down costs by automating a range of manual tasks and introducing easy scalability for higher volumes. The cost of integration with external pricers is also reduced thanks to an easier workflow within the platform.”

“In the last year or so we’ve seen increasing interest in warrants businesses not only from Asia but also in Europe, especially from Germany, Switzerland and the Nordics. We have therefore put a lot of R&D effort into enhancing our warrant trading capabilities,” Guillaume Poitevin, EMEA Sales Director at Horizon, commented. “We have made significant improvements to the user interface, for example by providing real-time status and pricing information and using treemaps to indicate whether there’s an issue with a particular instrument.” He adds: “The algorithmic framework embedded in the platform empowers clients to customize hedging strategies and automate the market making workflow.”

Mastronardi adds: “In the last few months the volatility of China’s markets has impacted trading in Hong Kong, and led to investors choosing warrants, in order to avoid knockout options products, which are being outperformed by barrier products. Horizon’s new platform version embeds the Active Quoting rules for the Hong Kong Stock Exchange on warrants and barrier products, so traders can see in real-time if they are complying with the exchange rules for market making and can immediately fix any anomalies.”

Related News

Cloud9 and SteelEye Partner to Address Voice Trading Compliance Challenges amid Remote Working Conditions

Cloud9 Technologies (“Cloud9”), a leader in cloud-based communications, has integrated with SteelEye, a leading regulatory technology and data analytics provider, to offer the... Read more »

Reuters Events Discuss the Resilience of the Energy Market Through Volatility

Reuters Events will be hosting a free online webinar series focused on commodity trading and commodity value chains.

The energy industry has never seen a year like it.... Read more »

Newfound launches virtual fintech trade mission to stimulate economic growth in UK and Australia

Global expansion specialists Newfound today announced the first ever virtual fintech trade mission between the UK and... Read more »

IPC’s Connexus Cloud ecosystem continues expansion with linkage to London Metal Exchange

IPC, a leading global provider of secure, compliant communications and networking solutions for the global financial markets community, announced today its... Read more »

Cloud9 Chooses OpenFin to Empower “Virtual Trading Desks”

Cloud9 Technologies ("Cloud9"), a leader in cloud-based communications, has partnered with OpenFin, the operating system (OS) of finance, to streamline the deployment of Cloud9... Read more »

QuantHouse to provide TSL machine learning capabilities as part of the QuantFactory cloud backtesting suite

QuantHouse, the global provider of end-to-end systematic trading solutions including... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel