Horizon Software, a provider of electronic and algorithmic trading solutions and technology, has added its newest Chinese client, Shenyin Wanguo Fortune Investment Ltd, a subsidiary of Shenyin Wanguo Futures.
Shenyin Wanguo Fortune Investment was searching for a partner that could help to facilitate the company’s need for market making capabilities for its options and algo trading products, as it attempts to expand its operations by penetrating the Zhengzhou Commodity Exchange (ZCE). The company provides a wide range of financial services to global financial institutions, including banks, exchanges, and brokerages.
Shenyin Wanguo Futures currently holds licenses for various exchanges, including Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange and China Financial Futures Exchange. Its newly formed agreement with Horizon will provide the company with the necessary trading technology solutions that it currently needs to reach its desired goals.
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Impressed by the support services
Commenting on the new partnership, HE Xiaoming, General Manager at Shenyin Wanguo Fortune Investment Limited, said: “Horizon platform is able to support all the commodity asset classes in which we’re interested. The system can be easily extended and the flexibility allows us to quickly create multiple strategies and run market making. Our research showed Horizon to have a very positive reputation in international markets, as the market-leading system for trading and market making options. We were impressed by the outstanding support services; we are really satisfied with our partnership.”
Horizon’s Director of Sales in North Asia commented on the company’s newest client: “Considering the tremendous growth potential in China, the partnership with Shenyin Wanguo Fortune Investment Limited is an important testimonial to Horizon’s position as trading platform leader, a reputation earned through high performance and excellent customer service support across China. We expect to expand further across China and win more Chinese clients as part of our long-term partnership.”
Horizon has maintained a respectable presence in the electronic listed derivatives trading arena for over sixteen years. Earlier this month, it launched cryptocurrency trading through its own native gateway, which connects several of the largest crypto exchanges, including Kraken, Bitstamp, Bitfinex and GDAX. The move comes at a time of an incredible global surge toward cryptocurrencies as an investment venue, attracting massive amounts of new investors.