LuZheng Economic and Trade selects Horizon for China option market making
LuZheng Economic and Trade (LuZheng ET) announces choosing Horizon as the option market making system. LuZheng ET is a wholly owned subsidiary of the China major future house LuZheng Futures (1461.HK), and is specialized in commodity futures trading and risk management. LuZheng ET started its OTC option trading business in 2014, foreseen the growth of China option business. Lately, China regulator announced the launch dates of 2 new option markets in DaLian Commodity Exchange (DCE) and ZhenZhou Commodity Exchange (ZCE). Following with that, DCE published respectively that LuZheng ET is selected as one of ten option market makers for DCE soymeal option.
Mr WangXueQiang, the responsible person of LuZheng ET market making business, describes “LuZheng ET started the preparation of option market making business since 2 years ago, we studied in great detail different solutions on the market, and finally we decided to choose Horizon. Horizon, as a sophisticated market making system, has been widely implemented in overseas investment banks, not only due to its complete functional coverage, but also its outstanding system stability and security. These features are of paramount importance for the market makers to provide stable and efficient price quoting service.”
Horizon, the leading solution provider of electronic and algorithmic trading, is now providing solutions in China for future houses to perform option market making and trading business. Clement Pelletier, APAC Sales Director at Horizon, said : “From the very beginning that LuZheng ET started to prepare for market making business, we have been working closely and collaboratively with LuZheng ET. With Horizon system, Luzheng ET actively participated in the simulation competitions organized by the exchanges. Through fierce competition, LuZheng ET successfully achieved to obtain both DaLian market making designations. We are delighted to work with this professional team, and it is proud for us to be among the solution providers for the first batch market makers.”