DongXing Securities Selects Horizon for Options Trading

The collaboration will lead to the development of a bigger trading system and support a broad range of financial products.

Horizon Software, a global technology provider for electronic trading and investment management, announced today that it has been selected by Chinese broker DongXing Securities for its equity trading, market making and algorithmic trading.

The deal is a major extension of Horizon’s use by DongXing Investment, a subsidiary of DongXing Securities which has a market cap of $9.5 billion.

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Dongxing Securities provides securities underwriting and sponsorship, trading, brokerage and financing services as well as engaging in the sale of securities investment funds and the management of assets of securities.

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Tang Jianbiao, Head of Derivatives Trading at DongXing commented, “Our derivatives and prop trading teams trade a broad wide range of products, including securities, futures, options and other financial instruments. We looked at a number of platforms and Horizon was a good fit, not least because it is able to support the asset classes in which we’re interested and the system can be easily extended. The system’s flexibility allows us to quickly create multiple strategies; it provides easy integration with our OMS, middle- and back-office systems, so the implementation of the trading platform will be fast.”

First Options Platform

Horizon, which became the first options trading platform provider in China in 2014, provides full connectivity to RootNet and Hundsun. With Horizon, DongXing will be able to access a number of different trading venues and market data providers. The fully integrated system will be used by several trading teams for creating different strategies.

Terence NG, Senior Sales Manager at Horizon added, “The cooperation between Horizon and DongXing Securities goes back two years, with DongXing Investments running its trading business on Horizon. We are proud of being able to extend this relationship and look forward to working with DongXing Securities on going live with a much bigger trading system, which will include multiple derivatives exchanges in China, supporting trading of a broad range of financial products.”

 

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