Horizon Automates China Futures Reporting

Horizon Software, a provider of electronic trading solutions, announced its 'Penetration Mode Connectivity Connectivity Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Read this Term Upgrade' for futures trading on Tuesday.

The market connectivity upgrade was developed in response to the “Notice on Further Strengthening the Collection of Information on Clients’ Trading Terminals in Futures Operating Agencies” requirements in China, which enforce the need for transparency and monitoring of the local futures trading market.

The China Futures Market Monitoring Center (CFMMC) will enforce the new requirements through the collection of local terminal information on all clients trading futures in China, which is only possible if the platform vendor reports itself to the CFMMC.

Horizon’s upgrade automates the process of data collection from its embedded downstream counters’ APIs, ensuring all information is accurate and encrypted.

Encrypted, reported

By using embedded APIs, Horizon platform will collect and encrypt client terminal information as per requirements at the time of logging-in, allowing for an immediate report to be sent to the CFMMC. The report contains information such as trading software vendor ID, public network IP, log-in time, and other data.

“Our technology has always been the standard in the industry and to uphold this we are continually modifying our platform to fit in with different countries’ and clients’ requirements," said Minh Quy Nguyen, North Asia Director of Horizon Software.

"Our 'Penetration Mode Connectivity Upgrade' is now being used by all our clients trading futures in China thanks to a successful upgrade of our Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term management system.”