SCBS chooses Horizon for its derivatives desk

Horizon Software (Horizon) has announced that SCB Securities Co., Ltd. (SCBS), the wholly-owned subsidiary of Siam Commercial Bank Plc., has chosen the latest version of Horizon Electronic Trading Platform for its derivatives desk. SCBS will be using Horizon for advanced warrant market making and Delta One trading activities on the SET (The Stock Exchange of Thailand) and TFEX (Thailand Future Exchange).

M.L.Thongmakut Thongyai, Chief Executive Officer of SCB Securities, commented: “We were looking to upgrade to a new trading platform to support our growing trading room. We needed the core elements of flexibility, scalability and efficiency, but the most important thing for us was that that the system we chose was able to support our long-term business goals of development and growth. Horizon’s ‘Trade Your Way’ technology gives us the trading flexibility we need; the extensive functionality of the platform has already resulted in us looking to expand the scope of our work with them.”

Ekaluck Chaiyaporn, ASEAN Sales Director at Horizon, said: “Industry players like SCBS require a single platform which can address their various needs for a sophisticated, automated trading solution and that’s exactly what we deliver. We look forward to working side-by-side with SCB Securities and helping them extend and grow their business.”