07 July 2014 – Horizon Software, the provider of front-end trading solutions, is the first vendor to offer an options trading system to the Chinese market. With the opening of the options markets, market participants in China have been looking for a flexible, powerful and easily-integrated solution. This initiative was mandated by the Chinese government three years ago in order to develop investment banking and, in particular, derivatives trading in China.
China will launch equity index options on the CFFEX and single stock options on the Shanghai Stock Exchange in Q4 2014. The move will provide more investment opportunities and greater access to Chinese assets than is possible at present.
“We’ve had an active presence in China since 2013 and now count more than ten clients, including five of China’s top ten securities and futures houses among our clients. Our commitment to China is very strong and we recognize the huge potential of this market,” says Jean-Marc Delfarguiel, Horizon’s CEO. He adds: “We are used to dealing with the specific requirements of the Chinese market and tailor our software to suit our customers’ individual demands. China is of great strategic importance for us and we have a China-based team dedicated to our Chinese clients”.
Horizon’s products are available in Mandarin and provide access to the two exchanges through the Chinese FIX-equivalent standard. The front-end trading solutions from Horizon are the only ones on the market to be fully compatible with all the exchanges’ requirements.
The company’s electronic trading platform will provide options market making as well as Delta 1 and algorithmic trading.