Horizon Updates Its Extend Platform, Focuses on Trading-as-a-Service Offering

Horizon
Software, an algorithmic and electronic trading technology solution provider,
has announced an update to its cross-asset electronic platform Horizon Extend. This
year, the company wants to focus on developing its agency and principal trading
solutions.Horizon Extend with New Module
UpdatesHorizon Extend
allows clients to customize pricing modules and hedgers, automate workflows,
and create a more transparent and flexible trading environment. Additionally, the platform supports the development of advanced routing rules for direct market access
(<a href=”https://www.financemagnates.com/tag/dma/” target=”_blank” rel=”follow”>DMA</a>) and allows clients to manage trading risk and <a href=”https://www.financemagnates.com/terms/c/compliance/” class=”terms__main-term” id=”569f58ee-534c-44f0-a7cd-f55b0f9a2b2a” target=”_blank”>compliance</a>. In 2023,
Horizon plans to expand its Trading-as-a-Service (TasS) offering, increase the
number of asset classes covered, and improve its handling of high-volume order
flows. The CTO, Olivier Masdebrieu, states the company’s goal is to offer both
a development and <a href=”https://www.financemagnates.com/terms/t/trading-platform/” class=”terms__secondary-term” id=”f85800b2-ccf5-4f50-9e8e-780d32afc6f6″ target=”_blank”>trading platform</a>, with a focus on helping clients tailor
solutions to their needs. ”Helping
our clients develop the right functions to fit their needs is our priority,
using either our modules or developing their own. Our developers are using the
same tools to build our solutions, so we know it works, and we continue to focus
our attention on improving our offering,” he commented in a press release published on
Tuesday.Horizon Software Supports
Capital Markets for 20 YearsFor more
than two decades, the provider of electronic trading solutions has been
building algorithmic trading technology and currently provides access to more
than 80 exchanges worldwide. As part of
the expansion of its offering, it has partnered with the brokerage arm of
Santander Bank Polska, which became the first introducing market maker for the
Warsaw Stock Exchange (WSE) ‘Global Connect’ equity market. In the new market
launched by the WSE, shares from around the world are listed by introducing
market makers without approval from the issuer.”Thanks
to the existing Horizon Market Making platform, it was possible for Santander
to go live on the new Global Connect market without any additional development
on the Front Office side. [The ] 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 with Global Connect,”
Alexandre Chriqui, the Client Success Manager at Horizon Software, said.Check the recent FMLS22 panel on advances in trading technology.New Hires for Horizon
SoftwareIn 2022,
Horizon Software set its sights on expanding its team of professionals. <a href=”https://www.financemagnates.com/executives/horizon-software-promotes-francois-xavier-detourniere-to-product-head/” target=”_blank” rel=”follow”>Francois-Xavier
Detourniere has been promoted</a> to the role of Head of Product Management to
boost offerings in the APAC region.Earlier in
March, <a href=”https://www.financemagnates.com/executives/moves/horizon-software-names-fabrice-astrologi-as-global-head-of-client-management/” target=”_blank” rel=”follow”>Horizon announced the appointment of Fabrice Astrologi</a> as the Global Head of
Client Management. Astrologi has brought 25 years of professional experience and
focuses on accelerating the firm’s organic growth.Last year, <a href=”https://www.financemagnates.com/executives/moves/horizon-software-hires-isabelle-dominjon-to-boost-emea-business/” target=”_blank” rel=”follow”>Isabelle Dominjon joined the company as a Business Development Manager for EMEA</a>.
Her main task is to accelerate Horizon Software’s growth in the region.