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ULTUMUS and Horizon Software Announce ETF Data and Trading Technology Alliance

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Paris and London, June 2017 – ULTUMUS the industry leading ETF data provider and Horizon, leading provider of automated trading systems, today announced a partnership that enhances and enables the pricing, sourcing and trading of global exchange traded funds (ETFs) via the Horizon platform. The partnership combines the strengths of Horizon Software next generation trading system with ULTUMUS’ complete ETF reference and composition managed data service for global ETF data. The result is a single point for analyzing and implementing ETF trades, allowing market makers and traders to quote and hedge trades based to more accuracy available previously.

This initiative should accelerate the adoption of electronic processing solutions across the rapidly growing ETF trading market that is now significantly slowed due to inefficiencies.

“We are delighted to be partnering with Horizon Software to provide a turn-key data and technology solution for the trading of ETFs” said Bernie Thurston, CEO ULTUMUS. “This partnership allows us to provide our industry leading data service to a wider audience and provides the most complete reference ETF reference data and enhanced composition service available today”

“By combining the individual strengths of Horizons’ trading technology and the focus on accuracy and performance that ULTUMUS brings in the ETF data space, we are taking a major step forward in addressing the calls from our customers for a fully-integrated solution for ETF quoting and hedging. said, Sylvain Thieullent CEO Horizon.

ULTUMUS

ULTUMUS capture, normalise and distribute ‘near real time’ global daily ETF and INDEX composition data across the market today – reducing risk and offering key uplift in performance, flexibility and accuracy. www.ultumus.com

Horizon Software

Horizon Software provides the next-generation trading system that puts the power in the hands of the trader. Horizon software delivers an open, solid and fast core platform complemented by a rich set of trading apps. Horizon Software supports premier trading and market making institutions in Europe North America and Asia,
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Bernie Thurston

Bernie Thurston is the founder and CEO of Ultumus, a leading provider of ETF and index data, calculation, and workflow solutions. With over 20 years of experience in financial technology, Bernie has been at the forefront of index and ETF innovation since 2003.

His finance career began at Markit, where as Managing Director for Equities he designed and developed products for index and ETF composition and dividend forecasting from 2003 to 2011. He then founded and led DeltaOne Solutions as Managing Director, building it into a global provider of index and ETF trading data and technology services. The company managed over 100,000 multi-asset class products before being acquired by Markit in 2015.

Following the acquisition, while working for an ETF issuer, Bernie identified fundamental issues in how index and ETF data was represented across the industry. This led him to found Ultumus in 2016, building solutions for ETF primary market operations. Under his leadership, Ultumus has grown into a market leader serving major financial institutions globally, with its ETF Order Management System (OMS) supporting create and redeem workflows worldwide and its PCF platform calculating and distributing portfolio composition files for ETF issuers across every major market.

Bernie sold Ultumus to SIX Group in 2021, where it continues to expand across Europe, North America, and Asia-Pacific. Known for building lasting teams and leveraging cutting-edge technology, Bernie is focused on establishing Ultumus as the backbone of the global index and ETF industry through standardisation and automation.

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