ULTUMUS, provider of near real-time ETF data and Horizon Software (Horizon), provider of electronic trading solutions and algorithmic technology, have announced a partnership. The new deal will improve ETF trading efficiencies and result in traders having a single point for analysing and executing ETF trades, allowing market makers and traders to quote and hedge trades more accurately and much faster than before.
Bernie Thurston, ULTUMUS CEO, commented: “Our primary goal is to provide data and information which increases market efficiency, tightens spreads and avoids outright mispricing. We are delighted to be partnering with Horizon to offer a turnkey ETF data and trading technology solution, which will allow us to bring our solutions to a wider audience and to provide the most complete ETF reference data and enhanced composition service available today.”
Sylvain Thieullent, CEO of Horizon, said: “Although the global ETF market volumes are growing very quickly, there are also significant inefficiencies in the way that ETFs are traded and executed. Our partnership with ULTUMUS addresses many of the key problems and is expected to accelerate the adoption of electronic processing solutions across the ETF market.”
He adds: “Combining the individual strengths of Horizon’s trading technology with ULTUMUS’s focus on accuracy and performance is a major step forward in addressing our clients’ need for a fully-integrated solution for ETF quoting and hedging.”