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BCS chooses Horizon platform for Russian derivatives

First Published 22nd September 2014

BCS Financial Group selects Horizon Software for market-making and distributing Russian derivatives.

Matthieu Ressencourt, head of Equity Derivatives Trading, BCS Financial Group

Matthieu Ressencourt, head of Equity Derivatives Trading, BCS Financial Group

"We went through a selection process to determine the best platform to support our business. Horizon was the clear choice."

Paris and London - BCS Financial Group, the Russian trader of Equities, FX and Derivatives, has selected Horizon Software to launch its derivatives market-making and distribution activities.

Horizon will provide Delta One and Option Trader, its market-making platform, which includes native exchange connectivity to numerous exchanges throughout Europe. Horizon's flexible APIs will enable the integration of the market-making platform into BCS Financial Group's existing infrastructure.

Matthieu Ressencourt, head of Equity Derivatives Trading, BCS Financial Group, commented: "We went through a selection process to determine the best platform to support our business. Horizon was the clear choice, both from a functionality and technology perspective. They were able to implement the platform in a few weeks, allowing us to meet our tight deadlines. We use the platform to its full potential for quoting, auto-hedging, electronic eye, real-time risk management and connectivity to exchanges in order to provide a better service to our existing clients. BCS Financial Group will also benefit from Horizon's latest developments on sophisticated volatility management, as well as embedded volatility and pricing models."

Sylvain Thieullent, CEO of Electronic Trading EMEA and Americas, Horizon Software, commented: "Our Company has 15 years experience working with financial institutions on market-making projects across various countries and regions. This experience has helped us to win BCS Financial Group and to get them up-and-running very quickly in numerous markets. This deal also reinforces our presence in Eastern Europe and Russia in particular, a key region where Horizon is investing substantially to serve its clients."

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