Horizon to Provide Futures Market Making Solutions to Gedik
- The broker and tech firm have already worked together on trading and execution solutions
Technology provider Horizon announced on Thursday that it has been chosen by Gedik Investment to provide the Turkish brokerage with market making and trade Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term solutions.
“Gedik Investment clearly has a very focused and dedicated team of trading professionals; its ambition is to be the best performer in the market and to provide FX futures market making on Borsa Istanbul,” said Damien Jenner, a managing director and senior sales associate in Horizon’s EMEA and Americas sales team.
Though it may not be the most famous firm in the world, in Turkey Gedik Investment is hot stuff.
The brokerage, whose parent company Gedik Investment Holding is listed on the Istanbul Bursa, has consistently been quick to adopt new technology.
For instance, it was the first trading firm in Turkey to use a remote access API, access the Derivatives Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term of Turkey and gain FIX access to the Borsa Istanbul equities and futures/options market.
New solutions, old partnership
Based in Istanbul, the company already has an existing partnership with Horizon.
The brokerage uses the technology company’s solutions for algorithmic trading, hedging and market making in a number of different derivatives markets.
Alongside new trade execution services, the most recent deal between the two companies will be used to support Gedik’s futures trading activities.
“Over the last 25 years, Turkish capital markets have made immense headway and undergone a real transformation,” said Salim Kasap, head of futures trading at Gedik.
“Gedik has actively taken part in this transformation. We are proud of our role in developing the capital markets in Turkey and have worked to create sustainable added value with diversification of financial product offerings.”
Technology provider Horizon announced on Thursday that it has been chosen by Gedik Investment to provide the Turkish brokerage with market making and trade Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term solutions.
“Gedik Investment clearly has a very focused and dedicated team of trading professionals; its ambition is to be the best performer in the market and to provide FX futures market making on Borsa Istanbul,” said Damien Jenner, a managing director and senior sales associate in Horizon’s EMEA and Americas sales team.
Though it may not be the most famous firm in the world, in Turkey Gedik Investment is hot stuff.
The brokerage, whose parent company Gedik Investment Holding is listed on the Istanbul Bursa, has consistently been quick to adopt new technology.
For instance, it was the first trading firm in Turkey to use a remote access API, access the Derivatives Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term of Turkey and gain FIX access to the Borsa Istanbul equities and futures/options market.
New solutions, old partnership
Based in Istanbul, the company already has an existing partnership with Horizon.
The brokerage uses the technology company’s solutions for algorithmic trading, hedging and market making in a number of different derivatives markets.
Alongside new trade execution services, the most recent deal between the two companies will be used to support Gedik’s futures trading activities.
“Over the last 25 years, Turkish capital markets have made immense headway and undergone a real transformation,” said Salim Kasap, head of futures trading at Gedik.
“Gedik has actively taken part in this transformation. We are proud of our role in developing the capital markets in Turkey and have worked to create sustainable added value with diversification of financial product offerings.”