Horizon Software, an algorithmic and electronic trading technology solution provider for global capital markets, has announced its certification on the Montreal Exchange (MX).
Horizon Software Certified by the Montreal Exchange
According to Tuesday's press release sent to Finance Magnates, the certification allows Horizon's clients to trade exchange-traded derivatives, such as equity, index, currency options, and interest rate derivatives, on the MX platform.
Horizon is now equipped to offer connectivity to any financial institution interested in trading on the MX, providing support for workflows like committed orders, orders for strategies trading via implied, basis trade on close instruments, pre-arranged trade workflows, and stop orders.
Robert Tasca, the Managing Director of Derivatives Products and Services at MX, stated that the Montreal Exchange is delighted to certify Horizon Software as MX's new independent software vendor (ISV).
"MX is constantly exploring fresh opportunities to expand our global client base and execute our long-term, sustainable growth strategy," Tasca added.
For over two decades, Horizon has been strengthening the position of capital market participants by incorporating algorithmic technology into its electronic trading platform and enabling trading opportunities via direct access to over 80 exchanges globally.
"Achieving this certification marks a significant milestone in our expansion strategy within the Canadian market and our OMS suite of offerings. This certification showcases Horizon's dedication to providing clients with innovative trading solutions and state-of-the-art technology," Isabelle Dominjon, the Business Development Manager at Horizon Software, commented.
New Markets, Partnerships and Promotions for Horizon Software
Two weeks ago, Horizon Software announced its new connectivity to the Singapore Exchange (SGX Group) within six months of its official launch in Singapore. The direct link with the SGX Group enables Horizon customers to engage with and transact across various financial markets and create a market for exchange-traded funds (ETFs). Moreover, they will be able to execute hedging strategies more rapidly and effectively.
In January, the algorithmic and electronic trading technology solution provider presented the cross-asset electronic platform Horizon Extend. Horizon Extend empowers customers to tailor pricing models and hedging tools, streamline processes, and foster a more adaptable and transparent trading ecosystem. In addition, the platform facilitates the creation of sophisticated routing regulations for direct market access (DMA) and allows clients to oversee trading risk and compliance .
At the end of last year, the company announced that the brokerage arm of Santander Bank Polska became the first Introducing Market Makers on Horizon's platform for the 'Global Connect' equity market organized by the Warsaw Stock Exchange (WSE). During the same period, Horizon Software promoted Francois-Xavier Detourniere to the position of Head of Product Management.
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