Source: Horizon Software
Horizon Software (Horizon), the leading global technology provider for electronic trading and investment management, announced today that the China-based securities firm Caitong Securities has gone live with its Options Trading platform to trade SSE 50 ETF options on the Shanghai Stock Exchange.
Founded in 1993, Caitong Securities is based in Hangzhou and now has more than 80 brokerage outlets as well as over 2000 employees. The company primarily engages in securities brokerage, investment banking, asset management, proprietary securities trading and research.
Chunting XU, General Manager of Caitong Securities’ derivatives department, commented: “We are very impressed that the professional team at Horizon Software has shown the capability to support our specific market requirements. Since the Shanghai Stock Exchange launched SSE 50 ETF Options in 2015 we have been preparing for this opportunity and researching the right technology platform to help us grow our project effectively. Horizon came out far ahead of the competition because of the strength of its systems, particularly its business coverage, software stability, flexibility, scalability and expert support, all of which are crucial qualities for us meeting our goals quickly and efficiently.”
He adds: “The support provided by Horizon’s team during the implementation process has ensured a smooth transition and we are very happy with the result. I know it has been working hard with us and this effort is both truly appreciated and reflected in its system.”
Adrien Mastronardi, North Asia Sales Director of Horizon Software, said: “We are very pleased to be part of Caitong’s success and development, culminating in its ability to trade SSE 50 ETF Options on the Shanghai Stock Exchange using our trading algorithms, which allow it to create proprietary quantitative strategies based on volatility. We are proud to have delivered our advanced technology platform and high-performance systems to develop options trading opportunities across several APAC nations, especially in China.”
He adds: “We have recently significantly expanded our presence in China, working with an increasing number of Chinese securities firms to implement our system, which is testament to our being a leading technology provider internationally. Long-term partnerships in China such as this one are very important to us; they underline our strong track record of helping clients meet their business objectives with our products and services.”