Electronic trading solutions and algorithmic technology provider Horizon Software announced that is now supporting the cryptocurrency market by offering the option of trading Bitcoin as well as other cryptocurrencies, such as Ether, Ripple and Litecoin, through the company’s platform.The Horizon platform allows clients to make the best use of algorithmic framework and automation capacities. By entering the cryptocurrency market, Horizon will boost the quality of crypto trading.
Sylvain Thieullent, Chief Executive Officer of Horizon Software, said: “Our clients are now engaging with Horizon for cryptocurrency trading. Although they have been around for a while, the successful launch in December of BTC Futures on CBOE and CME represents a strong signal of institutional recognition from market participants. The cryptocurrency market capitalisation will reach $1 trillion in 2018, which further shows that this is a very exciting market for us.”
The native gateways offered by Horizon, and developed within its connectivity framework, will connect to the main cryptocurrency exchanges, including Kraken, Bitstamp, Bitfinex and GDAX. More exchanges will be added in the future.
The gateways offer over 20 value-added trading services such as pre-trade risk management, trade reporting and Drop Copy, a risk management service designed to facilitate real-time monitoring of trading activity on the CME Globex platform.
Horizon Software made the news in October 2017 after reaching an agreement with QuantHouse to benefit from its global reach and end-to-end performance by joining the qh API Ecosystem.
Horizon was recently asked to improve ULTUMUS’ ETF trading efficiencies with the following capabilities:
– Compositions within minutes rather than hours of an event.
– Full data coverage, with over 30 header fields, as opposed to the 10 available from most other providers.
– Enhanced economics, including: tax reclaim, redeem corporation tax, etc., rather than ignoring valuable published data.
– Validated data points (NAV recalculations, tracking of capital changes, etc.) to ensure data quality rather than simply ‘publishing blind’.
