22 November 2022, Paris & Warsaw: Horizon Trading Solutions (Horizon), provider of electronic trading solutions and algorithmic technology for the global capital markets, today announces that, Santander Brokerage Poland, a part of Santander Bank Polska – one of the largest and most innovative financial institutions in Poland, has been the first Introducing Market Makers on global connect with Horizon’s Platform for Market Making connecting to the Warsaw Stock Exchange (WSE).
Global connect is a new equity market, organized by the WSE, where global stocks are listed by Introducing Market Makers, without the issuer consent. The objective is to make stocks listed on global securities exchanges tradable in Warsaw, during local reading hours. Santander is the first Liquidity Provider to participate in this new market.
Santander Bank Polska Group first established a relationship with Horizon in July 2019 to enable market making in equities and derivatives on the WSE as part of its strategy to expand and upgrade its services. In 2021, Santander Bank has chosen to partner with Horizon as a result of their strong reputation in the region and vast experience with exchanges. Horizon’s market-making systems deployed on the WSE cover many asset classes, including equities, equity futures and index futures. On top of this, Horizon provides Santander with the tools & technology for both quoting and hedging. These solutions ensure efficient access to the market and allow clients to obtain an accurate monitoring of positions
Daniel Posyniak, Deputy Director at Santander Brokerage House, says: “We are delighted to share information about our advanced trading solution developed in collaboration with Horizon Trading Solutions. This is an important element of our wide-ranging plans, under which we want to introduce new technological standards to the Polish capital market. Thanks to Horizon, we are in an even better position to achieve the goal of improving the quality of services offered to our existing customers and increasing market share by proposing new products to market participants. The time has come for new technologies to set the rhythm of change”.
Alexandre CHRIQUI, Head of Client Success Manager at Horizon Trading Solutions , added: “Thanks to the existing Horizon Market Making platform, it was possible for Santander to go live on the new Global Connect market without any additional development on the Front Office side. Existing platform composed of Market Data handlers, Pricing and Quoting automatons, WSE Market Gateway and Position Management modules were fully leveraged for a seamless integration with Global Connect. I am proud to say that Santander IT and Trading staff are fully proficient with our platform, and they were able to run this project with a high degree of autonomy”.
About Horizon Trading Solutions
Horizon Trading Solutions is an independent global technology company specializing in electronic trading, supporting agency and principal businesses across equities, derivatives, and virtual assets. For over 20 years, we have empowered the world’s leading capital market participants with cutting-edge algorithmic technology and direct exchange connectivity. Our multi-asset platform and deep commitment to client success allow us to deliver Performance Simplified: making it easy to excel in trading. https://horizontrading.io/
About Santander Polska Group
Santander Bank Polska Group is one of the largest financial groups and the largest private bank in Poland. Santander Bank Polska offers modern financial solutions to personal customers, micro, small and medium enterprises, and domestic and international corporations. The bank operates one of the biggest networks of branches and partner outlets. It also renders services via electronic channels, including mobile banking. It is one of market leaders in terms of the use of modern technologies in banking, consistently developing its brand in line with its strategic goal to achieve the position of the best bank for customers. Loyalty and satisfaction of its customers are the priorities for Santander Bank Polska. With this in mind, the bank regularly implements innovative features to help customers manage their personal and business finances effectively. Since 2011, the bank has been a member of the international Santander Group. The subsidiaries from the Santander Bank Polska Group offer investment funds, insurance, leasing, factoring and other products: https://www.santander.pl/en/about-santander
About Santander Brokerage House
Santander Brokerage House is one of the largest brokerage houses in Poland, with 30 years of tradition on the capital market. Santander Brokerage House is a separate organizational unit of Santander Bank Polska S.A.
