Horizon Trading Solutions (Horizon), a global leader in electronic trading solutions and algorithmic technology for capital markets, is collaborating with China Merchants Securities (HK), a tier-1 Chinese investment bank in Hong Kong, to provide market-making solutions for the newly launched Virtual Asset (VA) Spot ETFs listed on the Hong Kong Exchange (HKEX).
Horizon was selected as the market-making solutions provider for China Merchants Securities (HK) due to its expertise and innovative solutions.
Horizon designed a comprehensive market-making setup utilizing HKEX’s colocation services under the most premium Managed & Hosted Services model, ensuring clients benefit from 24/5 follow-the-sun support. In response to the rapidly changing virtual asset market dynamics, Horizon is committed to delivering its market-making solutions within a tight two-month timeframe.
Patrick Shum, Head of Global Markets Department, China Merchants Securities (HK), said: “Collaborating with Horizon allows us to leverage their cutting-edge technology and responsive support, ensuring we can provide the liquidity and efficiency our investors expect in this rapidly growing asset class.”
Emmanuel Faure, Head of APAC & MENA, Horizon Trading Solutions, said: “We are thrilled to partner with China Merchants Securities (HK). It is important for us to be part of the development of the HKEX ETF market, demonstrating our constant product evolution to follow market trends.”
