Horizon Software (Horizon) has announced that Shenyin Wanguo Fortune Investment Limited, has chosen the Horizon Platform for Algo and Options Market Making to expand its trading business inZhengzhou Commodity Exchange (ZCE).
Shenyin Wanguo Fortune Investment Limited is a subsidiary of Shenyin Wanguo Futures, one of China’s most respected trading corporations. Acknowledged as one of China’s largest futures trading companies, it operates a full range of services in an extensive business network; Shenyin Wanguo Futures is a full-license member of the Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange and China Financial Futures Exchange.
HE Xiaoming, General Manager at Shenyin Wanguo Fortune Investment Limited, said: “When Shenyin Wanguo Fortune Investment Limited started a detailed research and evaluation process for our new Algo and Options Market Making business, we evaluated a number of platforms and it quickly became clear that the Horizon platform matched our key expectations; it also has a good reputation for providing the highest level of service. The Horizon platform is able to support all the commodity asset classes in which we’re interested. The system can be easily extended and the flexibility allows us to quickly create multiple strategies and run market making. Our research showed Horizon to have a very positive reputation in international markets, as the market-leading system for trading and market making options. We were impressed by the outstanding support services; we are really satisfied with our partnership.”
Adrien Mastronardi, Sales Director North Asia at Horizon Software, commented: “We are delighted to announce our collaboration with Shenyin Wanguo Fortune Investment Limited. We committed to the rapidly-growing markets in China some years ago and we believe this growth will continue in the coming years. China’s markets are unique, and we have adapted our solutions to its regulations and trading practices. All market participants are excited about the launches of the new derivatives products, which will provide more hedging tools and services and in turn help to reduce risk and increase the stability of the sector.”
He added: “Considering the tremendous growth potential in China, the partnership with Shenyin Wanguo Fortune Investment Limited is an important testimonial to Horizon’s position as trading platform leader, a reputation earned through high performance and excellent customer service support across China. We expect to expand further across China and win more Chinese clients as part of our long-term partnership.”