Horizon Software, WEX Partner on Connectivity
December 17 2019, Paris & Chicago, Horizon Software (Horizon), a leading provider of electronic trading solutions and algorithmic technology, announces the integration of its algo-trading platform to Wolverine Execution Services, LLC, a leading provider of premier technology and execution services. Horizon clients are now able to connect to the WEX infrastructure environment to manage orders on US options, futures and cash equities and benefit from the access to over 20 local market venues.
Horizon users can now access the WEX infrastructure through a simple API. The Horizon platform offers an advanced options trading functionality while granting authorized users to view options market data, enter orders, and monitor executions through WEX.
“Leveraging expertise in trading technology and risk management, WEX provides clients with anonymity, superior execution and order management, delivering innovative solutions for both technical and institutional trading styles” said Troy Googins, Head of Business & Product Development at Wolverine Execution Services (WEX). “Having the Horizon trading platform connected to the WEX infrastructure advances our goal of providing clients with an efficient one-stop-shop for all their options trading needs.”
Vincent Dumontoy, Global Head of Client Services and Solutions at Horizon Software adds: “From order placement and position management to crafting complex trading strategies, we provide the trading functionality our clients need. With over 15 option exchanges to trade the same instruments, with its variety of instruments to trade the same underlyings (futures and ETFs) and the subsequent obligation to trade within the NBBO (National Best Bid Offer) of every instrument, the US market is very specific and unique in its scale. It also includes specific workflows for Block Trading and Complex Order Books with multi leg option orders. Now, these complexities are easily overcome through WEX. From order management to execution and Block Trading, the functionality and flexibility of the Horizon platform paired with the WEX market connectivity provide traders with the tools they need to customize their ultimate trading environment and trade their way.”
Phone: +44 (0) 207 092 8136
About Horizon Software
Horizon empowers capital markets by building powerful algorithmic technology into its electronic trading platform and offering trading opportunities through direct connectivity to more than 80 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 confidential. Horizon Software is a multi-award-winning company, having claimed the Trading Tech Europe Best OMS award and the FS Tech Best Trading System award in 2019, the Intelligent Trading Technology Best Sell-Side EMS award in 2017 and 2018 and the FOW Buy-Side Trading System of the Year award in 2016. Horizon has offices in Europe, North America, and Asia. For more information, visit www.hsoftware.com.
Headquartered in Chicago, Wolverine Execution Services (WEX) is an independent broker/dealer specializing in the execution of equities, options, and futures for
institutional investors. WEX offers clients multiple venues for execution, including a proprietary electronic trading platform, algorithms, direct floor access, and an agency brokerage desk. Leveraging expertise in trading technology and risk management, WEX provides clients with anonymity, superior execution, and order management, delivering innovative solutions for both technical and institutional trading styles.
The algo increases the probability of finding liquidity in a fragmented US equity market.
The exchange will add momentum to its buy-side initiatives.
The post-trade analytics tool is designed to provide transparency and forensics around client executions.
The electronification of the NDF inter-bank market has created an ideal environment to launch algorithms.
Entrepreneurship has shifted to intrapreneurship, but the ethos remains the same.