About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Gedik Investment Selects Horizon as Algo Trading in MENA Region Grows

Subscribe to our newsletter

Gedik Investment, a leading brokerage house in Turkey, has chosen Horizon Software as its platform for algorithmic execution of equities on the Borsa Istanbul exchange. Gedik has implemented both the TWAP and POV trading strategies offered by Horizon, allowing the Gedik team to time trades efficiently and instantly benefit from significant changes in price.

“The Turkish market has become increasingly mature, not only from a technological trading standpoint, but also from a regulatory point of view,” says Damien Jenner, managing director sales EMEA at Horizon. “So we’re starting to see a lot more local broker activity, as well as an influx of more international firms, including liquidity providers, market makers, principal traders and brokers who are offering execution into the Turkish market.”

Adoption of algorithmic trading is growing not just in Turkey, but across the MENA (Middle East & North Africa) region, says Jenner. “From a traded volume or sophistication point of view, other countries in the MENA region are probably a little bit behind the curve of Turkey’s growth, but they are rapidly ramping up. Regulation plays a part in that, as does the establishment of clearing houses, and the sophistication of the technological landscape.”

Gedik will take advantage of Horizon’s fully-hosted solution, which provides a flexible algo framework allowing traders to benefit from an advanced set of execution algorithms, and which the company offers as a service. “We like to standardise and to make algo technology less of a burden, and more something that customers can deploy very quickly and effortlessly” says Jenner.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practice approaches to trade surveillance for market abuse

Breaches of market abuse regulation can lead to reputational damage, eye-watering fines and, ultimately, custodial sentences of up to 10 years. Internally, market abuse triggers scrutiny of traders and trading behaviours; externally it can undermine confidence in markets and cause financial instability. This webinar will discuss market abuse of different types, such as insider trading...

BLOG

A-Team Group Names Winners of Innovation Awards 2024

A-Team Group has named the winners of its prestigious Innovation Awards 2024. The awards celebrate innovative projects and teams across vendor and practitioner communities that make use of new and emerging technologies to deliver high-value solutions for financial institutions in capital markets with a focus on data management, trading technology, RegTech or ESG. This year’s...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

FRTB Special Report

FRTB is one of the most sweeping and transformative pieces of regulation to hit the financial markets in the last two decades. With the deadline confirmed as January 2022, this Special Report provides a detailed insight into exactly what the data requirements are for FRTB in its latest (and final) incarnation, and explores what needs to be done in order to meet these needs on a cost-effective and company-wide basis.