Horizon Software, the leading provider of electronic trading solutions and algorithmic technology to the world’s exchanges, banks, brokers and fund managers, today announced that it has been shortlisted for the ‘Best New Exchange or Trading Platform’ award. The prestigious FOW Awards evaluate and select from the world’s leading financial technology companies; the winners are due to be announced on 8th December.

Sylvain Thieullent, CEO Electronic Trading at Horizon Software, says: “This is great news and a tremendous endorsement of our technology and our people. Our R&D philosophy is to develop solutions which enable each user to have their own system, and this approach is being very well received in the market by both the buy-side and sell-side. Just to be short-listed for Best New Exchange or Trading Platform ahead of so many other fintech providers marks a special moment in Horizon’s growth and development.”

Will Mitting, Publisher of FOW, said “Each year it is always a major challenge to compare and evaluate the leading technology companies to produce a short-list of contenders. The competition this year has made the task even more of a challenge, so it is appropriate for Horizon to view their short-listing as an achievement and I wish them the best of luck when we announce the winners in December.”

When considering Horizon for the award, FOW reviewed Horizon’s recent work with Euronext. Horizon created a unique system for the exchange, which enables members to trade futures and options at a fair price on both liquid and illiquid instruments. This allows Euronext to offer a safer, more fair and efficient market. Euronext market operators can now monitor futures and options markets in a single view and automatically calculate tens of thousands of settlement prices, in addition to calculating real-time futures and options prices for setting price limits for market participants. Euronext is now generating ten times more daily pricing messages than previously, with reduced running costs; Horizon is also helping Euronext meet both existing and upcoming compliance and regulatory requirements.