Improved platform provides real-time warrant pricing and automates pricing quotations for investors’ convenience
14 September 2023, Jakarta: Horizon Trading Solutions (“Horizon”), provider of electronic trading solutions and algorithmic technology for the global capital markets, in collaboration with PT RHB Sekuritas Indonesia (“RHB Sekuritas”), a subsidiary of RHB Investment Bank in Malaysia, have deployed Horizon’s Platform for Warrants Market Making that connects to the Indonesia Stock Exchange (“IDX”), providing convenience for investors to trade with RHB Sekuritas.
In doing so, RHB Sekuritas aims to expand its market-making capabilities and provide increased liquidity and trading opportunities for warrant market participants on the IDX.
Kenneth Zhao, Head of Equity Derivatives at RHB Sekuritas, said: “As part of our efforts to scale the structured warrant business in Indonesia, Horizon’s Platform for Warrants Market Making provides our investors live warrant pricing that instantly reflects the underlying share price movement and automates the pricing and quotation of structured warrants listed by RHB Sekuritas. Our clients can now take advantage of the warrants movement even at a quick dip or a brief rebound and conveniently trade RHB Sekuritas-listed warrants in their daily market-making activities.”
Kenneth added: “Our Structured Warrants have received a positive response within the Indonesian market since its launch in September 2022. For the first quarter of 2023, we achieved IDR 243 billion in turnover for structured warrants. This is triple the Equity Exchange Traded-Fund turnover, a product that has been traded in the Indonesian stock market since 2007. As demand grows, the Horizon Platform for Warrants Market Making will allow us to issue more structured warrants with different underlying and risk appetite to cater to investors looking for exposure in the Indonesian market.”
Emmanuel Faure, Head of APAC at Horizon Trading Solutions, added: We are honored to support RHB Sekuritas’ development in the APAC region, specifically in the warrants market making space on the IDX. Horizon’s software has played a pivotal role in empowering market participants with sophisticated trading tools, advanced algorithms, and comprehensive risk management capabilities. By leveraging Horizon’s technology, RHB Sekuritas can offer enhanced liquidity, tighter spreads, and improved execution quality, ultimately contributing to the growth and vibrancy of the warrant market in Indonesia.”
This collaboration represents a strategic move that aligns with both organizations’ goals to provide advanced technology solutions and enhance the efficiency of capital markets globally.
As a subsidiary of RHB Investment Bank, part of the RHB Banking Group, one of Malaysia’s largest financial services groups, RHB Sekuritas possesses a solid foundation in the equity and capital markets. RHB Sekuritas’ deployment of Horizon Trading Solutions is in line with the Group’s 3-year corporate strategy of ‘Together We Progress 2024” (“TWP24”) that drives the organization’s ambition to be a leader by continuously investing in modern systems and technologies to deliver market-leading and differentiated customer experience and service levels. RHB Sekuritas leveraged its expertise and market knowledge to launch the first Structured Warrants issuance listed on IDX.
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About Horizon Trading Solutions
Horizon Trading Solutions is an independent global technology company specializing in electronic trading, supporting agency and principal businesses across equities, derivatives, and virtual assets. For over 20 years, we have empowered the world’s leading capital market participants with cutting-edge algorithmic technology and direct exchange connectivity. Our multi-asset platform and deep commitment to client success allow us to deliver Performance Simplified: making it easy to excel in trading. https://horizontrading.io/
About PT RHB Sekuritas Indonesia:
PT RHB Sekuritas Indonesia, a leading securities firm in Indonesia, is a subsidiary of RHB Investment Bank, which is part of RHB Banking Group, one of Malaysia’s largest financial services groups. With a strong presence and extensive experience in the Indonesian market, PT RHB Sekuritas Indonesia offers a wide range of investment banking and securities brokerage services to institutional and retail clients. Committed to delivering innovative solutions and superior execution capabilities, PT RHB Sekuritas Indonesia plays a pivotal role in driving the growth and development of Indonesia’s capital market.For more information, please visit RHB’s corporate website at www.rhbtradesmart.co.id.
For more information on this news release, please contact:
| For Horizon:
Name: Emmanuel Faure Email: emmanuel.faure@horizontrading.io |
For RHB Sekuritas:
Name: Kenneth Zhao Mobile: +60122803815 Email: kenneth.zhao@rhbgroup.com |
