Fulbright Securities Limited goes live with Horizon Options Market Making Platform for HKEX
28 March 2019, Paris & Hong Kong: Horizon Software (Horizon), the leading provider of electronic trading and algorithmic technology, today announced that Fulbright Securities Limited, a large securities company located in Hong Kong, has deployed Horizon’s Platform for Market Making on listed options connecting to the Hong Kong Stock Exchange (HKEX).
Fulbright Securities Limited was founded in 1999 and operates as a subsidiary of Fulbright Financial Group Holdings Capital Limited. It has since developed rapidly and is now a leading cross-regional securities firm offering a full range of financial services, including local and global securities, Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect as well as various financial products.
Mr. Kwok Chun Wai, Chairman at Fulbright Securities Limited, commented: “We were looking for leading complementary technology vendors to enable the delivery of complete trading solutions in options, from volatility management to market making. This project has been in planning for several months and it’s clear that Horizon’s software is a perfect match for our market making requirements; Horizon’s platform is exactly what we require in terms of our desired business coverage, scalability, maintenance cost and software stability. We are grateful to the firm’s highly professional support team for helping us achieve a smooth transition during this project’s implementation process.”
He added: “Horizon having experienced consultants, former traders and important references in Hong Kong makes us even more confident that they will be able to help us improve our project with excellent service to meet our specific requirements.”
Adrien Mastronardi, Head of APAC Sales at Horizon Software, commented: “We are delighted to welcome Fulbright Securities Limited to our growing number of partners. Our platform has been used by many prestigious market players as a strategic asset to develop their businesses across the region and this deal comes as no exception. We look forward to a long and successful relationship that is beneficial not only to both parties but the regional sector as a whole.”
He added: “Our market making platform will enhance Fulbright Securities Limited’s cost-effectiveness and provide it with far superior liquidity and more efficient trading flow. We make complex business simple and easy to implement, minimising project risk and ensuring that our solutions work.”