Zurich-based Vontobel, which has CHF 187 billion in assets under management, chose Horizon Software’s Horizon Platform for Automated Trading (HPAT) for its electronic trade execution because of the platform’s ability to develop algorithms, handle reporting, meet compliance requirements and integrate in a timely and low-risk manner with the firm’s trading environment, according to Sylvain Thieullent, CEO of Horizon Software.
Vontobel chose HPAT, which it is now using in production, after considering 15 vendors’ proposals, said Thieullent. The platform’s value for Vontobel’s agency trading desk was particularly attractive to the firm, he added. Vontobel re-evaluated its infrastructure due to changing requirements and increasing demands on investment performance and wealth management.
Thieullent noted that Vontobel needed to address regulatory changes including MiFID II best execution requirements. The firm will use HPAT for retail and execution flows, and development of principal trading strategies. Overall, Horizon Software offers electronic trading solutions and algorithmic technology.