Horizon enters Cryptocurrency Market
16th January 2018, Paris & Hong Kong: Horizon Software (Horizon), the world’s leading provider of electronic trading solutions and algorithmic technology, announced today its new support for the cryptocurrency market.
The Horizon Trading Platform now provides users with the option of trading Bitcoin as well as other cryptocurrencies, such as Ether, Ripple and Litecoin, so clients can make the best use of algorithmic framework and automation capacities to trade all the major crypto currencies in a sophisticated way.
Sylvain Thieullent, CEO of Horizon, said: “Our clients are now engaging with Horizon for cryptocurrency trading. Although they have been around for a while, the successful launch in December of BTC Futures on CBOE and CME represents a strong signal of institutional recognition from market participants. The cryptocurrency market capitalisation will reach $1 trillion in 2018, which further shows that this is a very exciting market for us.”
Horizon offers native gateways for connecting to the main cryptocurrency exchanges, including Kraken, Bitstamp, Bitfinex and GDAX. We are working on adding access to other exchanges.
The gateways are developed within Horizon’s connectivity framework, offering over 20 value-added trading services such as pre-trade risk management, trade reporting and Drop Copy (Drop Copy 4.0 is a risk management service designed to facilitate real-time monitoring of trading activity on the CME Globex platform).