The independent alternative investment firm RiverRock European Capital Partners has selected Horizon Software Automated Trader to develop cross-asset and cross-product algorithmic trading strategies for cash and derivatives markets.
Horizon Automated Trader has a host of built-in tools and features, such as pre-trade risk checks, basket trading, advanced order types, trading automatons, pricing, position-keeping and hedging, that allow RiverRock to reduce the time it needs to build trading strategies.
"It is obvious that Horizon's algorithmic trading software is the result of many years of front-office trading software experience and knowledge," says Olivier Claudon, senior fund manager at RiverRock.
"Horizon's tools allow us to develop, test and implement algorithms much more quickly and cost-effectively than we were able to previously," he continues. "This allows us to remain very competitive. Having looked at a number of systems it was clear that Horizon's algorithmic trading software was able to deliver the functionality, reliability and scalability we needed. The expertise of the team members at Horizon is very impressive and the team has made the implementation phase quick and completely painless."
Real-time exchange and vendor-sourced data, internal and external price feeds, as well as in-house and external position management systems are fed into the algorithmic trading software.
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