Horizon Platform for Warrants Trading manages any kind of securities products issued by the bank. This includes warrants, barriers products like CBBCs, but also any investment or leverage vehicles (products). The platform manages the trading life cycle of structured products. It is especially useful when adjusting the margins according to the strategies defined by the business.
The automatic quoting features are adaptable to any kind of advanced business logic (size quoting and refill, spread, depth quoting). However, market making activities are secured to prevent automaton counterpart through some semi-manual quoting. Anti-arbitrage features like anti spot manipulation or specific spot scheduling are also available. Moreover, market making strategies take into account the market behavior via some special fast market features.
Quoting strategies are built in to prevent short selling and to manage the remaining stocks. For highly complex products, the external price cache avoiding heavy integration tasks is available to value the product with the user’s libraries. For volatility products, several volatilities can be defined according to the business targets or to the organization of the bank. It is possible to trigger some arbitrage strategies on competitors’ products by monitoring the flow of those products.
Position and Risk Management
The risk associated to the trade is monitored in real time by one of the views specifically designed for the purpose. Sophisticated hedging strategies can be defined by the trader. Risk analysis and shocks scenarios are also part of the tools available to manage the risk better.
Additional packages are available to handle thousands of products quoted simultaneously on different venues including internal exchange, dark pool or corporate website.
Horizon Platform for Warrants Trading can benefit from Horizon’s algorithmic trading system. Proprietary trading algorithms can be developed, tested and deployed for improved performance.