Gedik Investment, a Borsa Istanbul-listed non-bank brokerage house founded in 1991, has deployed Horizon Software’s platform for futures market making, auto-hedging, and algorithmic execution on Borsa Istanbul for single stock options and futures, index options and futures, and FX futures.
Providing direct connectivity to the Borsa Istanbul Stock Exchange and Borsa Istanbul Derivatives Market, Horizon’s platform allows the Gedik team to monitor the market and send execution and algorithmic orders.
“Over the last 25 years, Turkish capital markets have made immense headway and undergone a real transformation. 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 the diversification of financial product offerings. After deciding to start market making single stock futures on Borsa Istanbul, Horizon was the obvious choice as a partner, and several factors went into our decision. We were impressed with Horizon’s flexible and customizable product and strong presence in the region, as well as the prestigious list of clients worldwide using its solutions. The due-diligence and reference calls to other Horizon users proved that the product provided superior features and capabilities, especially in market making and algorithmic capabilities.”
Damien Jenner, Sales EMEA & America at Horizon, said: