Horizon Trading Solutions (Horizon), a global provider of electronic trading solutions and algorithmic technology for the global capital markets, announces today that Arqaam Capital[1], one of the leading trading members on both the ADX and DFM in the UAE, will use Horizon Electronic Market Making solutions for Arqaam Capital’s newly created market making desk.
Arqaam will leverage Horizon’s existing connectivity to ADX and DFM (amongst the other 80 exchanges worldwide it is connected to) to perform market making on Stocks, Derivatives, and ETFs in the Middle East region.
Horizon’ market making solution is used by more than 50 market makers across Europe, Asia, and the Middle East. It provides a multi-asset class, low latency, and fully automated market-making solution, including pricing, risk management, and auto-hedging features.
Veselin Tilev, Head of Market Making at Arqaam, expressed: “We are very pleased to partner with Horizon Trading Solutions, the leading provider of market making and algo trading technology. The partnership will provide us with the flexibility, scalability, and performance required to solidify Arqaam Capital as the leading market maker and liquidity provider in a highly competitive and regulated market. This will allow Arqaam Capital to offer a wider range of electronic trading products, diversify our revenue streams, and deliver high quality services to our clients.”
Gerald Blondel, MENA Sales Director at Horizon Trading Solutions, added: “It is an honor for us to be selected by Arqaam Capital, a well-established and respected financial services provider in the emerging markets, with strong electronic trading competence, vision and ambition. We look forward to successfully developing their market-making capabilities with them in the region. Currently, we are in use by three market makers in the UAE, and we will continue to establish a stronger presence in MENA and grow our support team in Dubai.”
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 Arqaam Capital
Since 2007, Arqaam Capital is a leading specialist emerging markets financial services broker, providing financial intermediation and creating investment opportunities. Arqaam Capital specializes in Capital Markets Advisory, Corporate Finance, Asset Management, Cash Equity, Equity Derivatives, Credit Trading, Treasury and Custody, Equity Research, and now Market Making and Liquidity Provision. More information: www.arqaamcapital.com.
[1] Arqaam Capital is the trading name for the Arqaam group of companies, which includes Arqaam Capital Limited, a DIFC financial services firm regulated by the Dubai Financial Services Authority (DFSA) under license number F000407; and Arqaam Securities LLC, an Emirate of Dubai brokerage and market making firm, licensed and regulated by the Securities & Commodities Authority (SCA) under Commercial Registry No. 74472 and is a member of the DFM and ADX.
