Luzheng Futures & Guohai Liangshi Capital Management selected for cotton options market making, powered by Horizon

May 17, 2019 - 02:54
Luzheng Futures & Guohai Liangshi Capital Management selected for cotton options market making, powered by Horizon

Zhengzhou Commodity Exchange chooses Luzheng Futures and Guohai Liangshi Capital Management to provide market making for cotton options


PARIS, FRANCE & SHANGHAI, CHINA - MediaOutReach - 17May 2019 - HorizonSoftware (Horizon), the leading providerof electronic trading and algorithmic technology, has announced that two of itsChinese clients, Luzheng Futures and Guohai Liangshi Capital Management, havebeen named among ten companies granted market making licenses for therecently-launched cotton options market on the Zhengzhou Commodity Exchange(ZCE). The new cotton options market in China is the second exchange-tradedcommodity option on the ZCE and the fifth commodity option in Mainland China.


AdrienMastronardi, Head of Sales APAC at Horizon Software, said: "It is such a greathonor to see our Chinese clients selected as part of this project by theZCE.  China is a leading participant inthe world cotton market with some unique market dynamics. LuzhengFutures has been using Horizon for soymeal options market making on the DalianCommodity Exchange (DCE) since 2017. In September 2018, Luzheng Futures andGuohai Liangshi Capital Management were selected as market makers for copperoptions on the Shanghai Futures Exchanges (SHFE) with Horizon platform. In2019, Guohai Liangshi Capital Management and Luzheng futures expanded theirbusiness using our platform for options market making for cotton on theZhengzhou Commodity Exchange (ZCE).


He added: "This project is a major step in China'slong-term efforts to develop its derivatives markets. Our mission is to supportour clients' market making activities with extensive functionality as well asoutstanding stability and security. We consider this selection a great achievementfor the Horizon Team."


Horizonhas been empowering capital market players for over two decades by buildingpowerful algorithmic technology into its electronic trading platform andoffering trading opportunities through direct connectivity to more than 80exchanges worldwide. Horizon enables clients to quickly create, test andimplement automated trading strategies in real-time, in line with its 'TradeYour Way' philosophy.  Its platform canbe easily integrated with rich APIs and allows proprietary strategies to bebuilt while keeping traders' code confidential.