27 October 2021, Paris & Hong Kong. Horizon Software, a leading provider of electronic trading solutions and algorithmic technology, today announces that the BOC International (BOCI) has chosen to go-live with Horizon Software’s Structured Products RFQ Solution to maximise efficiency and deliver top automated solutions to their clients.
The aim of this project is to provide BOCI with a system to receive, handle and monitor structured products RFQ requests that come in from clients via both email and messaging systems. As a result, the BOCI will be able to effectively monitor the different statuses and main characteristics of the RFQs, to price those RFQ requests using BOCI’s Numerix pricer, generate the responses accordingly, and remove manual actions from sales team. BOCI leverages Horizon supported sophisticated instruments, such as the vanilla options/ELNs, the accumulators/decumulators, the knockout options/ELN, and the range accrual notes to help to reduce the time required to respond to the individual needs of clients. This subsequently allows for the handling of a larger volume of RFQs, and more new products in the future.
Headquartered in Hong Kong with offices in Beijing, Shanghai, Shenzhen, London, New York and Singapore, BOCI provides clients with a full range of investment banking products and services in both mainland China and overseas capital markets, including share issuance, merger and acquisition, bond issuance, fixed income, private banking, private equity, global commodities, asset management, equity derivatives, and leveraged and structured financing.
Mr Andy Tai, Head of Trading Technology, Equity Derivatives, BOCI, said “From a tech manager perspective, the software that Horizon provides supports a powerful client-server framework, which allows the BOCI to integrate various internal systems together. Another key strength of Horizon’s software is the user-friendliness of the GUI, which provides BOCI with various configurable and useful features out of the box. This development project is the result of a joint effort, and Horizon is a great partner in project management, working to solid deliverables.
Mr Ngai Ho Shum, Deputy Department Head of Equity Derivatives, BOCI, also noted that: “The solution provided by Horizon Software has been enhancing the RFQ process over the legacy system, offering our salespeople a smoother user experience. We are looking forward to extending the product scope for the solution moving forward”.
Mr Emmanuel Faure, Head of Sales APAC at Horizon Software, said: “We are honoured to deliver our RFQ solution to BOCI as this marks a key milestone for Horizon in the world of Structured Products. Horizon benefits from a vast experience in supporting clients for structured products and through this new collaboration, BOCI will be able to overcome withstanding technology challenges and deliver the best automated solutions to their clients”.
About Horizon Software
Horizon has been empowering capital market players for over two decades by building powerful algorithmic technology into its electronic trading platform and offering trading opportunities through direct connectivity to more than 150 exchanges including 60 brokers worldwide. Horizon enables clients to quickly create, test and implement automated trading strategies in real-time, in line with its ‘Trade Your Way’ philosophy. Its platform can be easily integrated with rich APIs and allows proprietary strategies to be built while keeping traders’ code confidential. More information: www.hsoftware.com
About BOCI
BOCI was one of the first investment banks established in China and is one of the biggest and strongest China-invested banks in overseas markets. BOCI has a leading position in the Hong Kong capital market in terms of overall competitiveness, thanks to its comprehensive cross-border investment banking services platform that ranks at the forefront among Chinese investment banks, and to its internationalized investment banking framework that upholds best practices in the industry. BOCI has been granted with the highest corporate credit rating among all Chinese investment banks by international rating agencies. More information: https://www.bocigroup.com/web/index/
