Horizon Software, a provider of , announced its ‘Penetration Mode Connectivity Upgrade’ for futures trading on Tuesday.
The market connectivity upgrade was developed in response to the “Notice on Further Strengthening the Collection of Information on Clients’ Trading Terminals in Futures Operating Agencies” requirements in China, which enforce the need for transparency and monitoring of the local futures trading market.
The China Futures Market Monitoring Center (CFMMC) will enforce the new requirements through the collection of local terminal information on all clients trading futures in China, which is only possible if the platform vendor reports itself to the CFMMC.
Horizon’s upgrade automates the process of data collection from its embedded downstream counters’ APIs, ensuring all information is accurate and encrypted.
Encrypted, reported
By using embedded APIs, Horizon platform will collect and encrypt client terminal information as per requirements at the time of logging-in, allowing for an immediate report to be sent to the CFMMC. The report contains information such as trading software vendor ID, public network IP, log-in time, and other data.
“Our technology has always been the standard in the industry and to uphold this we are continually modifying our platform to fit in with different countries’ and clients’ requirements,” said Minh Quy Nguyen, North Asia Director of Horizon Software.
“Our ‘Penetration Mode Connectivity Upgrade’ is now being used by all our clients trading futures in China thanks to a successful upgrade of our execution management system.”
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