Horizon Enhances EOMS Product for Derivatives Trading

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

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Horizon Enhances EOMS Product for Derivatives Trading

January 21, 2020

EOMSThe world’s leading provider of electronic trading solutions and algorithmic technology Horizon has updated its global EOMS product with improved automation of client order/execution workflow to create and trade derivatives strategies and improved performance, now supporting a trading scope of over 10 million instruments.

Used by sell-side Horizon clients in Asia for some time, the solution adds new features resulting from Horizon’s unique experience and long-standing expertise in derivatives trading. This new version is specifically designed to ease application support and monitoring.

The EOMS products offer market connectivity to multiple global exchanges to seamlessly access liquidity venues for best execution and manage incoming client orders. Users can also use a flexible single execution solution that integrates their own trading algorithms and can dynamically manage positions, portfolios, trade allocation and risk across equity and derivatives. The new version also supports the ability to trade single orders as well as multi-leg options strategies.

Vincent Dumontoy, Global Head of Client Solutions and Services at Horizon commented: “We are delighted to offer these improved functionalities on our EOMS system and to see the vast array of benefits and differentiators that the integration of EOMS workflows with our Algorithmic Framework will bring to our client base. As always, this release embodies our ‘Trade Your Way’ philosophy with its easy integration of custom algorithms with rich APIs and fast, simple setup. This release has been enriched based on feedback from our clients and our unparalleled expertise in derivatives trading. We are happy to see clients in Europe and Hong Kong fully live on the solution. Clients use our EOMS to manage incoming client orders, create automatically listed strategies when needed, display market data and seamlessly access liquidity venues for best execution. They also benefit from a single platform to embed algorithmic strategies. Even if our EOMS is a multi-asset solution, we believe it is unique on the options market as it was developed based on our expertise in derivatives when our competitors primarily designed theirs for equities.”

The newly announced product include added the following features:
• Strategies creation via FIX: clients can receive orders through FIX and manage them automatically or manually
• Synthetic execution of spreads
• Trade your way: clients can design & integrate their own algos
• Improved performance and scalability > 10M instruments
• Ability to trade single-order and multiple-leg options strategies
• Improvements to general usability and workflow
• Cost-effectiveness: flexible implementation models, optionally managed service, reduced hosting fees.

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