Hong Kong and Paris - Horizon Software has announced that Haitong International Securities Group has gone live with Horizon for its warrants trading desk.
Haitong International, a Hong Kong-based Chinese financial services company, is the first Chinese brokerage house to issue and offer market making services for warrants products in Hong Kong. Horizon was selected by Haitong International for its whole equity derivatives trading and market making business, including ETFs and options.
Ken Kwok, head of Derivatives Market Making at Haitong International, said, "As the first Chinese brokerage house to issue warrants products in Hong Kong it is important to make sure that we have the best possible trading technology. I am confident that with Horizon's warrant trading solution we have sophisticated and advanced technology which will contribute to our long-term growth."
Adrien Mastronardi, North Asia Sales Director at Horizon, commented, "Winning Haitong International as a client is great news. Haitong rolling out our trading technology across their whole equity derivatives trading room and being our first Chinese Securities client to issue and market make warrants in HK is a very special milestone for Horizon. Importantly for Haitong, our platform now natively supports the real-time warrants Active Quoting obligations from HKEx. We are very proud that our solution is part of the strategic foundation for Haitong's future growth."