BCS Financial Group, the largest trader in Russia for Equities, FX and Derivatives, announced today that it has selected Horizon Software to launch its derivatives market-making and distribution activities.
Horizon will provide BCS Financial Group with Delta One and Option Trader, its market-making platform, which includes native exchange connectivity to numerous exchanges throughout Europe. Horizon’s flexible APIs will allow the market-making platform to be seamlessly integrated into the Russian group’s existing infrastructure.
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Matthieu Ressencourt, Head of Equity Derivatives Trading at BCS Financial Group, commented on the announcement: “We went through a selection process to determine the best platform to support our business. Horizon was the clear choice, both from a functionality and technology perspective. They were able to implement the platform in a few weeks, allowing us to meet our tight deadlines. We use the platform to its full potential for quoting, auto-hedging, electronic eye, real-time risk management and connectivity to exchanges in order to provide a better service to our existing clients. BCS Financial Group will also benefit from Horizon’s latest developments on sophisticated volatility management, as well as embedded volatility and pricing models.”
Horizon Software offers financial services firms connectivity to global financial instruments through its suite of trading terminals, specializing in trading terminals for options market-making. The firm was founded in 1998 and has offices across the globe, including Paris, Hong Kong, London, New York and Bangkok.
Sylvain Thieullent, CEO of Electronic Trading EMEA and Americas at Horizon Software, commented: “Our Company has 15 years experience working with financial institutions on market-making projects across various countries and regions. This experience has helped us win BCS Financial Group and to get them up-and-running very quickly in numerous markets. This deal also reinforces our presence in Eastern Europe and Russia in particular, a key region where Horizon is investing substantially to serve its clients.”