& PARIS, FRANCE - Media OutReach
- 4 September 2018 - Horizon Software
(Horizon), the leading global technology provider for electronic trading and
investment management, announced today that the China-based securities firm Caitong
Securities has gone
live with its Options Trading platform to trade SSE 50 ETF options on the
Shanghai Stock Exchange.
Founded in 1993, Caitong Securities is based in Hangzhou and
now has more than 80 brokerage outlets as well as over 2000 employees. The
company primarily engages in securities brokerage, investment banking, asset
management, proprietary securities trading and research.
General Manager of Caitong Securities' derivatives department, commented: "We
are very impressed that the professional team at Horizon Software has shown the
capability to support our specific market requirements. Since the Shanghai
Stock Exchange launched SSE 50 ETF Options in 2015 we have been preparing for
this opportunity and researching the right technology platform to help us grow
our project effectively. Horizon came out far ahead of the competition because
of the strength of its systems, particularly its business coverage, software
stability, flexibility, scalability and expert support, all of which are
crucial qualities for us meeting our goals quickly and efficiently."
He adds: "The support provided by Horizon's team
during the implementation process has ensured a smooth transition and we are
very happy with the result. I know it has been working hard with us and this
effort is both truly appreciated and reflected in its system."
North Asia Sales Director of Horizon Software, said: "We are very pleased to be
part of Caitong's success and development, culminating in its ability to trade
SSE 50 ETF Options on the Shanghai Stock Exchange using our trading algorithms,
which allow it to create its own proprietary quantitative strategies based on
volatility. We are proud to have delivered our advanced technology platform and
high-performance systems to develop options trading opportunities across
several APAC nations, especially in China."
He adds: "We have recently significantly expanded our
presence in China, working with an increasing number of Chinese securities
firms to implement our system, which is testament to our being a leading technology
provider internationally. Long-term partnerships in China such as this one are
very important to us; they underline our strong track record of helping clients
meet their business objectives with our products and services."
Horizon has been empowering capital market players for over
two decades by building powerful algorithmic technology into its electronic
trading platform and offering trading opportunities through direct connectivity
to more than 70 exchanges worldwide. Horizon enables clients to quickly create,
test and implement automated trading strategies in real-time, in line with its
'Trade Your Way' philosophy. Its platform can be easily integrated with rich
APIs and allows proprietary strategies to be built while keeping traders' code