Horizon Partners with SOLOWIN to Deliver Enhanced OMS and Algo Solutions
SOLOWIN Holdings (Nasdaq: SWIN) has announced a strategic partnership with Horizon Trading Solutions to integrate advanced algorithmic technology and order management systems into Solomon JFZ's institutional trading platform. The integration covers both equities and recently launched spot virtual asset ETFs. Horizon provides 24/5 support, advanced colocation infrastructure, and real-time latency monitoring for Hong Kong Stock Exchange operations. Solomon JFZ, as a key participating dealer for virtual asset spot ETFs, has become Hong Kong's largest holder of client assets in various spot virtual asset ETFs.
SOLOWIN Holdings (Nasdaq: SWIN) ha annunciato una partnership strategica con Horizon Trading Solutions per integrare tecnologie algoritmiche avanzate e sistemi di gestione degli ordini nella piattaforma di trading istituzionale di Solomon JFZ. L'integrazione riguarda sia le azioni che i fondi ETF di asset virtuali spot recentemente lanciati. Horizon offre supporto 24 ore su 5, infrastruttura di colocation avanzata e monitoraggio della latenza in tempo reale per le operazioni della Borsa di Hong Kong. Solomon JFZ, in qualità di dealer partecipante chiave per gli ETF di asset virtuali spot, è diventato il maggiore detentore di asset dei clienti in vari ETF di asset virtuali spot a Hong Kong.
SOLOWIN Holdings (Nasdaq: SWIN) ha anunciado una asociación estratégica con Horizon Trading Solutions para integrar tecnología algorítmica avanzada y sistemas de gestión de órdenes en la plataforma de trading institucional de Solomon JFZ. La integración abarca tanto acciones como los ETF de activos virtuales spot que se lanzaron recientemente. Horizon proporciona soporte 24/5, infraestructura avanzada de colocación y monitoreo de latencia en tiempo real para las operaciones de la Bolsa de Valores de Hong Kong. Solomon JFZ, como un dealer participante clave para los ETF de activos virtuales spot, se ha convertido en el mayor poseedor de activos de clientes en varios ETF de activos virtuales spot en Hong Kong.
SOLOWIN Holdings (Nasdaq: SWIN)은 Horizon Trading Solutions과 전략적 파트너십을 체결하여 Solomon JFZ의 기관 거래 플랫폼에 고급 알고리즘 기술과 주문 관리 시스템을 통합한다고 발표했습니다. 이 통합은 주식 및 최근에 출시된 스팟 가상 자산 ETF를 포함합니다. Horizon은 홍콩 증권 거래소의 운영을 위해 24/5 지원, 고급 콜로케이션 인프라 및 실시간 지연 모니터링을 제공합니다. Solomon JFZ는 가상 자산 스팟 ETF의 주요 참여 거래상으로서 홍콩에서 다양한 스팟 가상 자산 ETF의 고객 자산을 가장 많이 보유하고 있습니다.
SOLOWIN Holdings (Nasdaq: SWIN) a annoncé un partenariat stratégique avec Horizon Trading Solutions pour intégrer des technologies algorithmiques avancées et des systèmes de gestion des ordres dans la plateforme de trading institutionnelle de Solomon JFZ. L'intégration couvre à la fois les actions et les ETF spéciaux de actifs virtuels récemment lancés. Horizon offre un support 24/5, une infrastructure de colocation avancée et une surveillance de la latence en temps réel pour les opérations de la Bourse de Hong Kong. Solomon JFZ, en tant que principal négociant participant pour les ETF d'actifs virtuels, est devenu le plus grand détenteur d'actifs clients dans divers ETF d'actifs virtuels à Hong Kong.
SOLOWIN Holdings (Nasdaq: SWIN) hat eine strategische Partnerschaft mit Horizon Trading Solutions angekündigt, um fortschrittliche algorithmische Technologien und Order Management Systeme in die institutionelle Handelsplattform von Solomon JFZ zu integrieren. Die Integration umfasst sowohl Aktien als auch die kürzlich eingeführten Spot-ETFs für virtuelle Assets. Horizon bietet 24/5 Support, fortschrittliche Colocation-Infrastruktur und Echtzeit-Latenzüberwachung für die Aktivitäten an der Hongkonger Börse. Solomon JFZ ist als wichtiger teilnehmender Händler für Spot-ETFs von virtuellen Assets der größte Halter von Kundenvermögen in verschiedenen Spot-ETFs für virtuelle Assets in Hongkong geworden.
- Strategic partnership with Horizon enhances trading execution capabilities
- Largest holder of client assets in Hong Kong spot virtual asset ETFs
- Advanced colocation infrastructure implementation for rapid order execution
- 24/5 follow-the-sun support system implementation
- None.
Insights
The strategic partnership between SOLOWIN and Horizon Trading Solutions marks a significant technological advancement for SOLOWIN's trading infrastructure. The integration of Horizon's algorithmic technology and OMS into Solomon JFZ's trading system could substantially improve execution capabilities and operational efficiency.
SOLOWIN's position as the largest holder of client assets in Hong Kong's spot virtual asset ETFs, combined with Horizon's 24/5 support and advanced colocation infrastructure, positions the company to capture growing institutional demand in both traditional and digital asset markets. The partnership enhances SOLOWIN's competitive edge in the evolving Hong Kong ETF market, particularly in handling innovative in-kind subscription and redemption for spot virtual asset ETFs.
The technical implementation brings several key advantages: Horizon's FIX protocol integration and real-time latency monitoring will significantly reduce execution times and improve trade reliability. The customized position management and short selling modules are particularly valuable for high-frequency trading operations.
The colocation infrastructure near the Hong Kong Stock Exchange will provide ultra-low latency connectivity, a critical factor for institutional clients. This technological upgrade positions SOLOWIN to better serve sophisticated clients requiring high-speed, reliable execution across both traditional and virtual asset classes.
HONG KONG, Nov. 29, 2024 (GLOBE NEWSWIRE) -- SOLOWIN HOLDINGS (Nasdaq: SWIN) (“SOLOWIN” or the “Company”), a leading financial services firm providing high-net-worth and institutional investors with solutions across traditional and virtual assets, today announced its strategic partnership with Horizon Trading Solutions (“Horizon”), a global leader in providing electronic trading solutions and algorithmic technology for capital markets, to integrate Horizon’s cutting-edge algorithmic technology and order management system (“OMS”) into Solomon JFZ’s institutional grade trading system for equities and the recently launched spot virtual asset ETFs.
Horizon’s premium Managed & Hosted Services model provides 24/5 follow-the-sun support to ensure clients receive continuous assistance. Having significantly invested in advanced colocation infrastructure, Horizon facilitates rapid order execution on the Hong Kong Stock Exchange and offers real-time latency monitoring. Furthermore, Horizon’s customized position management and short selling modules empower high-frequency institutional trading firms to seamlessly submit orders via FIX protocols, significantly enhancing their trading efficiency.
Hong Kong is the world’s first market to support innovative in-kind subscription and redemption for spot virtual asset ETFs. Solomon JFZ offers cross-asset market access and premier execution services to institutional investors, as part of its ongoing commitment to bridging traditional (TradFi) and decentralised finance (DeFi). As one of the key participating dealers for virtual asset spot ETFs managed by China Asset Management and Harvest Global Investments, Solomon JFZ has become the largest holder of client assets in various spot virtual asset ETFs in Hong Kong.
Thomas Tam, Chief Executive Officer of SOLOWIN, commented, “Horizon is one of the world's leading providers of electronic trading solutions and algorithmic technology, renowned for its trusted position and proven expertise in designing comprehensive institutional OMS and algo-based solutions. Partnering with such a reliable technology service provider will undoubtedly enhance trading execution, improve efficiency and increase adaptability for our clients, particularly for newly onboarded institutional trading clients.”
Emmanuel Faure, Head of APAC & MENA at Horizon Trading Solutions, added: “We are excited to partner with SOLOWIN to bring advanced OMS and algorithmic solutions to the forefront of virtual asset trading in Asia. This collaboration highlights Horizon’s commitment to innovation and high-performance trading technology, as markets evolve from traditional to digital assets.”
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. For more information, please visit the Company's website: https://www.horizontrading.io/.
About Solowin Holdings
Solowin Holdings (NASDAQ: SWIN) is a Hong Kong based financial services firm providing a comprehensive one-stop solution for high-net-worth and institutional investors worldwide. Spanning both traditional and virtual assets, Solowin's offerings include investment banking, wealth management, asset management, and Web3, tailored to support the next generation of investors. Solowin's wholly owned subsidiary, Solomon JFZ (Asia) Holdings Limited ("Solomon JFZ"), is one of Hong Kong's first batch regulated virtual asset service providers. Its advanced electronic platform, Solomon VA+, is Hong Kong's first all in one app to integrate traditional and virtual asset trading with wealth management services.
For more information, please visit the Company's corporate website at https://solowin.io or investor relations website at https://ir.solowin.io.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the Company’s most recent annual report on Form 20-F as well as in other reports filed or furnished from time to time with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's filings with the SEC, which are available for review at www.sec.gov.
For investor and media inquiries please contact:
SOLOWIN HOLDINGS
Investor Relations Department
Email: ir@solomonwin.com.hk
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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