Horizon Software, a specialist in market making and algo trading technology, has expanded its trading platform to include low-touch direct market access (DMA) order routing.
Horizon is enhancing its capabilities to enable handling of high-volume order flows from clients to the market. This represents a continuation of the effort to improve the handling of client order flow for agency trading, on a single platform for both cash and derivatives.
The DMA router integrates with Horizon’s existing connectivity offering, to efficiently route High-Touch order flow to Horizon’s order management system (OMS), and low-touch order to the breadth of direct market connectivity solutions supported by Horizon, including Horizon Execution services and buy-side FIX network access.
This new capability also paves the way for Horizon to offer direct strategy access (DSA) later this year, to enable client orders to better execute against the market. This will also mean that Horizon’s partners can offer clients access to third party strategies, inside of a white-label offering, simplifying the process of entering algo orders for the traders.
