Horizon Software, a leading provider of electronic trading solutions and algorithmic technology, today announces that Bank of China International (BOCI) has chosen to launch Horizon Software’s structured products RFQ solution to maximize the efficiency and provide the best automated solutions to their customers.
The objective of this project is to provide BOCI with a system to receive, manage and monitor structured product RFQ requests from clients via messaging and messaging systems. As a result, the bank will be able to effectively monitor the different statuses and main characteristics of calls for tenders, to price these requests for tenders using BOCI’s Numerix pricer, to generate responses accordingly. and remove the manual actions of sellers. Using Horizon’s sophisticated instruments, such as the vanilla ELN, accumulators, barrier and range exercise notes, will help reduce the time required to meet individual customer needs. This then allows a greater volume of quote requests to be processed.
Based in Hong Kong and with more than 50 subsidiaries around the world, BOCI offers its clients a full range of investment banking products and services in Mainland China and overseas capital markets, including equity issuance, mergers and acquisitions, bond issuance, fixed income, banking, private equity, global commodities, asset management, equity derivatives, and leveraged and structured finance.
Andy Tai, Senior Executive IT at BOC International, said: âFrom a technical manager’s point of view, the software provided by Horizon supports a powerful client-server infrastructure, which allows BOCI to integrate various internal systems together. Another key strength of Horizon’s software is the user-friendliness of the graphical interface, which provides BOCI with various configurable and useful features out of the box. This development project is the result of a joint effort, and Horizon is an excellent partner in project management, working on solid deliverables.
Vicky, Sales Manager at BOC International, also noted that: âThe solution provided by Horizon Software has improved the bidding process over the existing system, providing our customers with a smoother user experience. We are looking forward to expanding the product line for the solution in the future â.
Emmanuel Faure, Head of Sales APAC at Horizon Software, said: âWe are honored to deliver our RFQ solution to BOCI as this marks a key milestone for Horizon in the world of structured products. Horizon has extensive experience in supporting clients for structured products and thanks to this new collaboration, BOCI will be able to overcome technological challenges and provide the best automated solutions to their clients â.