Mumbai, India, May 29, 2012 --(PR.com
)-- Symphony Fintech, a provider of Automated Trading Systems, today announced an agreement with Horizon Software to exclusively market and support the Horizon Software suite of products in India. "Horizon Derivative Trader" and "Horizon Market Maker" are two of the solutions that will be offered by Symphony.
Advanced Option Trading and Market Making Solutions-
"Horizon Derivative Trader" is a multi-purpose trading application designed to trade equity derivatives on listed markets and to manage executions. It uses a plug-in architecture and can be extended in order to adapt to user environments requiring high flexibility. "Horizon Derivative Trader" provides a packaged and ready-to-trade solution with a pricing library and volatility models embedded. A volatility auto fitter model can also be provided.
"Horizon Derivative Trader" has been designed to match real-time needs of trading activities in a low-latency context.
"Horizon Market Maker" has been designed for Sales and Traders to animate derivative products in real-time on listed and internal markets. "Horizon Market Maker" offers particular added-value features such as anti-arbitrage automaton.
Both solutions feature a high level of flexibility thanks to the "Algo" extensions that brings Complex Event Processing and scripting at the heart of the architecture, allowing users to customize the system’s standard behavior.
Turnkey or Customized Deployments-
"India is a key priority for Horizon Software. Our products will be adapted to answer specific local market expectations and Symphony will play a major role in this strategic offering. We are delighted to start this promising partnership," said Jean-Marc Delfarguiel, CEO of Horizon Software. "Horizon Software will work with Symphony to provide high performance connectivity to India’s exchanges while Symphony will be offering local market participants access to and support for Horizon Software’s suite of solutions."
"We are especially pleased to be working alongside Horizon Software to deliver advanced trading technology to the demanding clients in India," says Praveen Gupta, CEO, Symphony. "Symphony is continuously working to improve the standard in Automated Trading Systems and to provide Indian markets with cutting edge innovation."