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Santander Bank Polska goes live on Horizon’s equity market platform

By Gloria Methri

November 23, 2022

  • Algorithmic Trading
  • Derivatives
  • Electronic Trading Solution

Santander Bank Polska, Global Connect, Horizon SoftwareAlgo-trading tech provider Horizon Software announced that the brokerage arm of Santander Bank Polska became the first Introducing Market Makers on Horizon’s platform ‘Global Connect’.

Global Connect is a new equity market, organized by the Warsaw Stock Exchange (WSE), where global stocks are listed by introducing Market Makers, without the issuer’s consent.

The objective is to list stocks on global securities exchanges tradable in Warsaw, during local reading hours. Santander is the first liquidity provider to participate in this new market.

Notably, Santander Bank Polska Group first established a relationship with Horizon in July 2019 to enable market-making in equities and derivatives on the WSE. In 2021, Santander Bank extended its partnership with Horizon due to its vast experience with exchanges.

Horizon provides Santander with the tools and technology for both quoting and hedging. These solutions ensure efficient access to the market and allow clients to obtain accurate monitoring of positions.

Daniel Posyniak, Deputy Director at Santander Brokerage House, said, “We are delighted to share information about our advanced trading solution developed in collaboration with Horizon Software. This is an important element of our wide-ranging plans, under which we want to introduce new technological standards to the Polish capital market.

Alexandre CHRIQUI, Head of Client Success at Horizon Software, added, “Thanks to the existing Horizon Market Making platform, participation into the new Global Connect market was possible for Santander without any additional development on the Front Office. The existing platform composed of Market Data handlers, Pricing and Quoting automatons, WSE Market Gateway, and Position Management modules were leveraged for seamless integration of Global Connect. I am proud that Santander IT and Trading staff are proficient with our platform and were able to run this project with autonomy.”

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