ETF market becomes more efficient with Horizon/ULTUMUS partnership

London and Paris - 26 July 2017

ULTUMUS, the leading provider of near real-time ETF data and Horizon Software (Horizon), the award-winning provider of electronic trading solutions and algorithmic technology, today announced a partnership. The new deal will improve ETF trading efficiencies and result in traders having a single point for analysing and executing ETF trades, allowing market makers and traders to quote and hedge trades more accurately and much faster than before.

Bernie Thurston, ULTUMUS CEO, commented: “Our primary goal is to provide data and information which increases market efficiency, tightens spreads and avoids outright mispricing. We are delighted to be partnering with Horizon to offer a turnkey ETF data and trading technology solution, which will allow us to bring our solutions to a wider audience and to provide the most complete ETF reference data and enhanced composition service available today.”

Sylvain Thieullent, CEO of Horizon, said: “Although the global ETF market volumes are growing very quickly, there are also significant inefficiencies in the way that ETFs are traded and executed. Our partnership with ULTUMUS addresses many of the key problems and is expected to accelerate the adoption of electronic processing solutions across the ETF market.”

He adds: “Combining the individual strengths of Horizon’s trading technology with ULTUMUS’s focus on accuracy and performance is a major step forward in addressing our clients’ need for a fully-integrated solution for ETF quoting and hedging.”

The partnership combines the strengths of Horizon’s next generation trading system with the complete reference and composition managed data service for global ETF data provided by ULTUMUS.

The key benefits include:

  • • Compositions within minutes of an event, rather than the industry-standard of hours.
  • • Full data coverage, with over 30 header fields, compared to the less than 10 available from the vast majority of providers.
  • • Enhanced economics, such as: tax reclaim, redeem corporation tax, etc., rather than ignoring valuable published data. 
  • • Validated data points (NAV recalculations, tracking of capital changes, etc.) to ensure data quality rather than simply ‘publishing blind’.

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. 

Clients come to Horizon because of our Trade Your Way philosophy, which means the trader’s needs are our top priority. Uniquely, in a world where traders have always had to adapt their trading and risk management requirements to fit the technology available, Horizon does the opposite by building the solution around the user, providing the best mix of tools for systematic trading, market-making, speed, functionality, flexibility, openness and scalability. The result is a high-functionality trading system configured to the needs of each user, but without the costs and uncontrolled risk usually associated with bespoke development.

With reference sites ranging from global banks to boutique hedge funds, clients value the expertise of our people, the adaptability of our solutions and the fast delivery, which gets you up-and-running and trading your way very quickly. Horizon gives every client a clear trading advantage from the outset, with the best technology, functionality, support and cost base in a one-stop gateway to the world’s equity and derivatives markets.

Horizon Software is a multi award-winning company having won the FOW Buy-Side Trading System of the Year award in 2016 and the Intelligent Trading Technology Best Sell-Side EMS award in 2017. Horizon has offices in Europe and Asia, providing algorithmic trading software to a wide range of financial institutions, including investment firms, proprietary trading houses and some of the world’s largest investment banks.

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