EFG Hermes adopts algo trading tech from Horizon
Horizon Trading Solutions (Horizon), a global leader in electronic trading solutions and algorithmic technology for capital markets has announced its collaboration with EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), to enhance its algorithmic trading capabilities for EFG Hermes' securities brokerage clients.
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Using Horizon's trading technology, EFG Hermes will provide its buy-side clients with enhanced trading efficiency. By integrating Horizon's sophisticated Trading Algorithms, such as VWAP (Volume Weighted Average Price), TWAP (Time Weighted Average Price), Percent of Volume, and Implementation Shortfall, these algorithms optimize trade execution across various financial networks, enabling seamless trading across all Gulf Cooperation Council (GCC) financial markets and Egypt.
The comprehensive solutions implemented by EFG Hermes, which will commence in the second half (H2) of 2025, comprise a network of strategically located algo servers throughout the MENA region, orchestrated by Horizon's sophisticated Order Management System (OMS) and Algo Router. This architecture ensures efficient order routing, optimized trade execution, and enhanced operational efficiency for EFG Hermes and its clients.
Amr Elshamy, Head of Electronic Trading at EFG Hermes, commented: 'At EFG Hermes, we are dedicated to delivering best-in-class execution capabilities and cutting-edge technology to our clients. Our collaboration with Horizon as our preferred Algorithmic Trading platform reflects their proven expertise and innovative solutions in the financial technology sector. Together with Horizon, we have customized and fine-tuned our algorithms using our deep market knowledge to tailor them specifically to the unique structures of the MENA region, ensuring optimal performance and superior execution outcomes. This partnership underscores our commitment to equipping clients with the tools to enhance their trading operations' efficiency and enable them to navigate today's dynamic markets confidently.'
Gerald Blondel, Managing Director, MENA at Horizon Trading Solutions, added:
'We are proud to have established Horizon Trading Solutions in the Middle East as both a local and international trading solution vendor. Combining our local support and understanding of regional demands with global expertise in delivering advanced trading technology allows us to service our rapidly growing MENA client base through EFG Hermes.'
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