Horizon Software has announced Bank Vontobel has decided to implement its Platform for Automated Trading (HPAT) for electronic execution.
The platform will be used at Vontobel to handle execution flows and the development of principal trading strategies, Horizon said.
Vontobel already has an automated trading platform installed but decided to ‘re-evaluate’ parts of its infrastructure due to “changing requirements” and “increasing demands on performance”.
Sylvain Thieullent, chief executive officer at Horizon Software said the firm’s platform will allow Vontobel “to address constant regulatory changes, such as demonstrating best execution under MIFID II.”
“Our platform is designed to provide each client with the best trading system for their technology stack and has enabled us to give Vontobel the most advanced automated trading capabilities,” he added.