16 October 2019, Paris & London, Horizon Software (Horizon), a leading provider of electronic trading solutions and algorithmic technology, and ULTUMUS, a provider of data services for index and ETF products, announced today they extended their partnership to enable the pricing, sourcing and trading of ETFs with a comprehensive dividend dataset integrated within the Horizon solution.
Horizon began its partnership with ULTUMUS in 2017 and, during that time, the two companies have collaborated to combine the strengths of Horizon next generation trading system with ULTUMUS’ single source of global ETF data. This successful partnership has proven the importance of a single point for analyzing and implementing ETF trades, allowing investment banks and traders to quote trades more effectively, with improved accuracy and performance.
The two companies will build on this initial partnership to allow Horizon clients to onboard additional source of dividend forecast data for amount and date estimates.
Giles Sarton, Head of Business Development at ULTUMUS says: “ULTUMUS complements Horizon’s leading electronic technology with a single source of global ETF data. Partnering with Horizon is a great opportunity for us to serve new market makers and traders with the most complete set of ETF reference data and pursue our fast expansion. Aggregating and distributing additional ETF dividend forecasts data on top of index and reference data, all as a single source, will strongly benefit Horizon’s client base in terms of trading performance, flexibility and accuracy.”
Sylvain Thieullent, CEO of Horizon Software adds: “The ETF’s trading universe is vast. Thousands of ETFs can be managed. Key challenges include composition management- understanding each constituent of the ETF, and pricing- the price at which investors can buy or sell an ETF on an exchange. One of the major challenges for our clients today is getting a fair price in a timely manner; it has come to be a real challenge to price each ETF, especially the less liquid ones. ULTUMUS has proven to be a very powerful and fast solution to aggregate and distribute index composition, reference and dividend forecasts data for ETFs. Our partner has always invested in innovation to offer cutting-edge and flexible technology solutions, which is in line with our own strategic direction.”
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About Horizon Software
Horizon empowers capital markets by building powerful algorithmic technology into its electronic trading platform and offering trading opportunities through direct connectivity to more than 80 exchanges 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. Horizon Software is a multi-award-winning company, having claimed the Trading Tech Europe Best OMS award and the FS Tech Best Trading System award in 2019, the Intelligent Trading Technology Best Sell-Side EMS award in 2017 and 2018 and the FOW Buy-Side Trading System of the Year award in 2016. Horizon has offices in Europe, North America, and Asia.
For more information, visit www.hsoftware.com
ULTUMUS are the leading ETF and Index data specialists with offices in London and Singapore. The firm is technology driven implementing the latest cloud based technology in support of Index and ETF trading, asset management and asset servicing. ULTUMUS’s market presence is global and expands across all business functions of a financial institution that require accurate, reliable and timely Index and ETF data. The combination of data, technology and expertise has shaped the DNA of the firm and is at the heart of everything it does.
For more information, visit: www.ultumus.com