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Chinese Futures Firm to Launch Commodity Futures Using Horizon’s Platform

Mining News - Published on Thu, 19 Apr 2018

Image Source: financemagnates.com
Financial Magnates reported that Holly Futures has chosen the platform provided by Horizon Software, a provider of electronic and algorithmic trading solutions and technology, to launch iron ore and grain futures contracts at Dalian Commodity Exchange. The Jiangsu Province-based futures company is one of the large-scale futures providers in China and is also approved by the China Securities Regulatory Commission. It is the lone company in the Jiangsu Province which received a Class A rating for seven consecutive years.

Mentioning the prospect of the new futures and the partnership with Horizon Software, Holly Futures’ General manager of Options Department, Ma Dongdong, commented that “We have been preparing to enter the iron ore and corn futures market through the Dalian Commodity Exchange and have done a lot of detailed research on different trading solutions. Horizon Software, because it has partnerships with many stock exchanges in China and is widely used throughout the world, gives us confidence that its services can easily adapt to our specific requirements. Horizon’s extensive functionality and its platform’s outstanding stability and security have left a deep impression on us, and all of these are extremely important for market makers to provide high-quality, high-efficiency services.”

Mr Dongdong added that “At the same time, we are looking forward to the Shanghai Futures Exchange. And Zhengzhou Commodity Exchange expands our business in making options in the market. We are very grateful to the Horizon team because it provided us with a lot of professional services during the establishment of our market making business.”

Horizon Software is expanding its business in China at a steady pace. Earlier this year, it announced its partnership with Shenyin Wanguo Futures’ subsidiary company Shenyin Wanguo Fortune Investment Ltd.

Mr Adrien Mastronardi, Horizon’s sales director for North Asia, said that “Over the years we have been providing solutions for China’s futures exchanges for derivative market making and trading, and is now with one of China’s most successful futures exchanges, Holly. We are very pleased to cooperate with futures.”Mr Mastronardi said that “To help these exchanges realize futures market, we have been working closely with them to prepare for them and it is really enjoyable to do business with highly specialized teams. It is our pride to rank among the leading solution providers in China’s first batch of market makers.”

Moreover, due to the massive world adaption of cryptocurrencies, the fintech firm also jumped into the sector by introducing cryptocurrency trading through its own native gateway in January this year, which connects several of the largest crypto exchanges, including Kraken, Bitstamp, Bitfinex, and GDAX?.

Mr Mastronardi added that “Providing cutting-edge technologies to meet customer needs and providing excellent support to help customers get exactly what they need through our system, this is our goal and has never changed; we look forward to helping us this one New customers reach their business goals.”

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Posted By : Rabi Wangkhem on Thu, 19 Apr 2018
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