Alternative investment firm RiverRock chooses Horizon Software for algorithmic trading
16th March 2015, London, Paris: Independent alternative investment firm RiverRock has chosen Horizon Software to run its algorithmic trading strategies.
RiverRock will be using Horizon Automated Trader to develop algorithmic trading strategies using the system’s flexible development environment. RiverRock benefits from a host of built-in tools and features, such as pre-trade risk safety nets, basket trading, advanced order types, trading automatons, – pricing, position-keeping and hedging.
Says Olivier Claudon, senior fund manager at RiverRock: “It is obvious that Horizon’s algorithmic trading software is the result of many years of front-office trading software experience and knowledge. Horizon’s tools allow us to develop, test and implement algorithms much more quickly and cost-effectively than we were able to previously. This allows us to remain very competitive. Having looked at a number of systems it was clear that Horizon algorithmic trading software was able to deliver the functionality, reliability and scalability we needed.” He adds: “The expertise of the team members at Horizon is very impressive and the team has made the implementation phase quick and completely painless.”
Horizon Automated Trader significantly reduces the time required to build trading strategies. It uses data from a variety of sources: real-time exchange and vendor-sourced data, internal and external price feeds as well as in-house and external position management systems. Other sources of information and market data can also be fed into this innovative algorithmic trading software.
“Horizon Automated Trader is an incredibly flexible tool which is helping RiverRock with all aspects of algorithmic trading. RiverRock is using the software to develop cross-asset and cross-product algorithmic trading strategies, for cash and derivatives markets. We are very much looking forward to continuing to work with RiverRock, as they extend the use of the system,” says Sylvain Thieullent, CEO Electronic Trading Europe and Americas at Horizon Software.
Horizon Software has offices in Europe, Asia, and the Americas, providing algorithmic trading software to a wide range of financial institutions, including investment firms, proprietary trading houses and some of the world’s largest investment banks.