The first options trading system to be made available to the Chinese market has been introduced by Horizon Software.
The front-end trading solutions provider received the Chinese Government’s mandate three years ago in advance of the opening of the country’s options markets. Intended to develop Chinese investment banking and especially Chinese derivatives trading, it is hoped that the options trading system will provide a flexible, powerful and easily-integrated solution to the rapidly expanding market.
The new products - available in Mandarin - provide access to the exchanges through a Chinese FIX-equivalent standard and are the only ones compatible with all of the Chinese exchanges’ requirements.
The increased investment opportunities resulting from the new trading system have been welcomed by market participants across Asia, and should provide far greater access to Chinese assets than has previously been possible. The electronic trading platform will provide both options market making as well as Delta 1 and algorithmic trading.
Horizon CEO, Jean-March Delfargueil, commented: “We’ve had an active presence in China since 2013 and now count more than ten clients, including five of China’s top 10 securities and futures houses among them.
“Our commitment to China is very strong and we recognise the huge potential of this market. We are used to dealing with the specific requirements of the Chinese market and tailor our software to suit our customers’ individual demands. China is of great strategic importance for us and we have a China-based team dedicated to our Chinese clients.”
Horizon’s trading platform is scheduled to launch during Q4 2014.