Double-digit growth for Horizon
14 December 2015, Paris: Horizon Software, the leading provider of trading and algorithmic technology to the world’s financial and trading institutions, today announced that 2015 is set to become a record year for the company, achieving double-digit growth.
This growth is confirmation of Horizon’s position as a leading provider of very clever, highly-configurable global trading technology across multiple asset classes.
Banks, trading firms, market makers, exchanges, brokers and fund managers are well represented in Horizon’s client list and are spread across Europe, North America and Asia. Continued growth has come from around the world and includes new clients and expansion within the existing tier-1 clients.
Sylvain Thieullent, CEO Electronic Trading at Horizon Software, says: “It is a very exciting time for the company: thanks to the growth of the ETF market we are seeing increasing demand for Delta One and new opportunities are coming from MiFID II, which will change the landscape of the industry.” He adds: “There is strong demand for more sophistication in trade execution, which is the key to being well-positioned in a mature and challenging market. Horizon has achieved great success in Eastern Europe and Asia, especially in Hong Kong and Singapore, where new prop shops are becoming very active in pan-Asian systematic trading strategies. We have also experienced steady growth of our investment management offering, almost doubling the number of clients in 2015. Next year is already looking like another great year for Horizon.”
2015 saw Euronext choose Horizon’s trading and volatility management platform for real-time monitoring and pricing of derivatives instruments, amongst other things. Horizon also added functionality and launched new modules, including the Replayer, a market data recording and replaying module, as well as a new version of its Trading Platform for electronic trading and market making of Delta One products.