Horizon Software announces its new gateway for high speed connectivity to Warsaw Stock Exchange
Paris – 21 March 2013 – Horizon Software, innovative provider of front end trading solutions, today announced the availability of its new gateway to Warsaw Stock Exchange UTP platform, ready for the go-live in April 2013.
Warsaw Stock Exchange – the biggest securities exchange in Central and Eastern Europe – organizes trading on one of the most dynamically growing capital markets in Europe. The WSE operates a regulated market of shares and derivative instruments and the alternative stock market NewConnect for growing companies. The WSE is also developing Catalyst, a market for issuers of corporate and municipal bonds, as well as an energy market. Since 9 November 2010, the WSE is a public company listed on the Warsaw Stock Exchange.
Patrick Archer, Sales Director at Horizon Software, says “We are continuously working on extending our market coverage to answer the needs of our customers. Europe is the strongest market for Horizon Software but we are aware that covering new countries strengthens our position with leading financial actors.”
Horizon Software, via its subsidiary Horizon Connect (previously known as Ingalys), is one of the first companies to be certified for the new Warsaw Exchange UTP platform. UTP (Universal Trading Platform) is a trading system acquired from NYSE Technologies. It is currently used by NYSE Euronext Group exchanges in New York, Paris, Lisbon, Amsterdam and Brussels. UTP offers a broad range of functionalities and supports instruments trading in new market segments dedicated to specific groups of products. For individual investors, UTP will mainly offer new trading opportunities: new types of orders and different designations of the time of execution.
“Our hard work with Warsaw Exchange has been very successful; we have taken benefit of our experience with Euronext UTP platform. This should result in a promising use of our high-frequency trading solutions such as Horizon Algo Trader on this fast-growing market” adds Patrick Archer.
This new connectivity solution will give Horizon the opportunity to extend its number of market connections, already covering 35 exchanges at the most important financial centres in Asia, Europe and North America.