Sagard NewGen has acquired a majority stake in Horizon Software – a speclialist in Market Making and Algo Trading Technology – alongside a management buy-out, to support expansion into new markets and strategic capabilities.
Sagard NewGen will take over Capza’s majority stake. During the past two years with Capza, Horizon has successfully developed a single cross asset platform for market making, agency trading and algo trading, alongside with portable and scalable trading services around pricing, trading, risk, and market connectivity.
With this new investment, Horizon will focus on expanding its Trading-as-a-Service offering – bringing together agency trading and market making on one platform – scaling up the asset classes that are covered to meet increased client demand for digital assets. Horizon will also better serve clients through innovation and implementation of new trading services, such as DMA and DSA order routing, enhancing its capabilities to handle high-volume order flows from clients to the market.
