Santander Bank Polska Goes Live on Global Connect with Horizon’s Market Making

  • Trading Systems
  • 22.11.2022 01:10 pm

Horizon Software (Horizon), provider of electronic trading solutions and algorithmic technology for the global capital markets, have today announced that, Santander Brokerage Poland, a part of Santander Bank Polska - one of the largest and most innovative financial institutions in Poland, has been the first Introducing Market Makers on global connect with Horizon’s Platform for Market Making connecting to the Warsaw Stock Exchange (WSE).

Global Connect is a new equity market, organized by the WSE, where global stocks are listed by introducing Market Makers, without the issuer consent. The objective is to make stocks listed on global securities exchanges tradable in Warsaw, during local reading hours. Santander is the first liquidity provider to participate in this new market.

Santander Bank Polska Group first established a relationship with Horizon in July 2019 to enable market-making in equities and derivatives on the WSE as part of its strategy to expand and upgrade its services. In 2021, Santander Bank has chosen to partner with Horizon as a result of their strong reputation in the region and vast experience with exchanges. Horizon’s market-making systems deployed on the WSE cover many asset classes, including equities, equity futures and index futures. On top of this, Horizon provides Santander with the tools & technology for both quoting and hedging. These solutions ensure efficient access to the market and allow clients to obtain accurate monitoring of positions.

Daniel Posyniak, Deputy Director at Santander Brokerage House, says: “We are delighted to share information about our advanced trading solution developed in collaboration with Horizon Software. This is an important element of our wide-ranging plans, under which we want to introduce new technological standards to the Polish capital market. Thanks to Horizon, we are in an even better position to achieve the goal of improving the quality of services offered to our existing customers and increasing market share by proposing new products to market participants. The time has come for new technologies to set the rhythm of change”.

Alexandre CHRIQUI, Head of Client Success at Horizon Software, added: “Thanks to the existing Horizon Market Making platform, participation into the new Global Connect market was possible for Santander without any additional development on the Front Office side. Existing platform composed of Market Data handlers, Pricing and Quoting automatons, WSE Market Gateway and Position Management modules were fully leveraged for a seamless integration of Global Connect. I am proud to write that Santander IT and Trading staff are fully proficient with our platform and they were able to run this project with a high degree of autonomy”.

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