Horizon Software, a provider of electronic trading solutions and algorithmic technology, announced a new release of its Replayer product on Thursday. The update allows financial institutions to comply with MiFID II stress testing requirements.
The product’s enhancements mean clients can replay market and pricing data twice as fast as previously and stress test automated trading strategies, including market making engines and hedged volatility orders.
The release also replays historical events in real-time to simulate trading infrastructure and market conditions.
MiFID II requires firms to demonstrate “the capacity and resilience of their trading systems” to regulators, via a set of stress tests.
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The new iteration of the Horizon replayer meets this requirement by allowing firms to report, record, and analyze their investment decisions and execution. The company also claims that it has developed new methods of risk analysis on pricing and algorithmic trading processes.
“Regulation is an ever-increasing hot-button issue and something we naturally take very seriously as one of our clients’ top concerns,” said Vincent Dumontoy, global head of client solutions and services at Horizon.
“We are therefore very pleased to be launching these new and unique enhancements and ensuring our clients are not only compliant with the latest requirements, but also have the most innovative technology available.
“The new replayer product is true to form with our core philosophy of ‘Trade Your Way’ not only by meeting the market’s needs, but also giving our clients easy configurability and intuitive setup.”