Algorithmic Trading Platform Fortifies an Extensive Suite of Pre-Existing Options
The company has an extensive suite of electronic trading options, including Algo Trader, Broker, Delta One Trader and Option Trader. Furthermore, its versatility across a multitude of assets has drawn bids and partnerships from several brokerages. Its new landmark trading platform is based on algorithmic script that is designed to iron out several inconsistencies prevalent with conventional alternatives. Its advanced software is aimed to offer full transparency across exchanges that are fully compliant with the wave of new regulatory legislation that has gripped financial markets, including the SEC and European Securities Markets Authority (ESMA).
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According to Benoit Deckmyn, Product Manager for Connectivity Solutions, in a statement on the launch, “A world-class trading platform such as Horizon Software already had a pre-trade risk management built-in, but this new version reaches unprecedented levels of safety by using several independent factors of control, with minimal latency impact.”
Advanced Trading Solutions with Error Correction
As such, the multi-asset solutions software was designed specifically for allaying risk management across currency, derivatives and options markets. Its order processing measures are also streamlined to detect and ultimately correct for fraudulent or problematic trading patterns – a notable upgrade from past trading platforms in the company.
The main draw against algorithmic trading engines is its lags in utility or functionality, however Horizon Software’s platform has taken extra steps to correct this phenomenon. Moreover, the occurrence of uniquely detrimental events will elicit order cancellations, disconnections, and general circuit breaker actions can pull the plug on problematic scenarios, thereby resetting the system and returning to normalcy in a matter of seconds.
“Thanks to several years of successful experience in the demanding High Frequency Trading industry, our clients are well prepared to face the challenges brought by compliance linked to algorithmic trading. We are proud to provide our clients with a new level of pre-trade risk management,” added Jean-Marc Delfarguiel, Founder and CEO at Horizon Solutions, in an adjoining statement.