Following the announcement earlier this year that electronic trading solutions provider Horizon had entered into exclusive negotiations with investment company Sagard NewGen, Sagard NewGen has now acquired a majority stake in the firm, alongside a management buy-out, to support expansion into new markets and strategic capabilities.
With the new investment, Horizon will focus on expanding its Trading-as-a-Service offering, bringing together agency trading and market making on one platform, and on scaling up its asset class coverage to include digital assets. The company also plans to open additional offices in Singapore and Dubai.
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