Horizon Software expands its footprint in Indonesia
21 May 2018 | 1395 views | 0
Source: Horizon Software
Horizon Software (Horizon), the world’s leading provider of electronic trading solutions and algorithmic technology, announced today its intention to expand into the growing Indonesian market during 2018.
With the largest economy in Southeast Asia, Indonesia is hugely significant for the development of the region’s financial sector. Horizon has been working closely with a number of institutions in Indonesia’s capital markets and exchange traded funds (ETFs) for some time.
“In recent years Horizon has collaborated with exchanges and leading institutions to help educate and develop the trading environment and we see great opportunities in the rapidly-growing Indonesian market. We are committed to providing sophisticated electronic trading solutions for developing economies and we are confident that our market making, execution and order management technology will continue to be seen as the fast-track for trading development,” said Ekaluck Chaiyaporn, Horizon’s ASEAN Sales Director.
According to EY’s Global ETF Report in 2017 entitled ‘Reshaping around the investor’, “Exchange Traded Funds are uniquely placed to benefit from the shift to passive and will reach $7.6t globally by the end of 2020. This growth will be underpinned by growing knowledge of ETFs and their uses, adoption by a widening investor base and these funds’ key attributes of low cost, transparency and liquidity. Indonesia has followed this global trend of significant ETF growth. Moreover, The Indonesian economy expanded by 5.19 percent year-on-year in the fourth quarter of 2017, following a 5.06 percent growth in the previous period, beating market expectations of 5.12 percent.”
Guillaume Poitevin, Horizon’s Global Head of Sales and Marketing added: “We have a strong track record of moving into new ASEAN markets including Malaysia and Thailand and are proud of our significant expansion and success last year in Vietnam. We aim to add value to the Indonesian market as well as bring technology, experience and industry knowledge to the region. We feel that Indonesia is very receptive to innovative technology and opportunities and, given its population and economy, I have no doubt of its market potential.”