Horizon to Power Shinhan’s Multi-Asset Market Making and Brokerage in Vietnam
Horizon Trading answers, a leading global provider of multi-asset electronic trading technology, has announced that Shinhan Securities Vietnam, a subsidiary of South Korean Shinhan Financial Group, is now live on its multi-asset trading and order management platform. The deployment marks a key milestone in Shinhan’s strategic modernization of trading operations as Vietnam continues progressing toward emerging market status.
The rollout covers both market making and brokerage activities on the Ho Chi Minh Stock platform (HOSE). Shinhan Securities Vietnam selected Horizon’s trading infrastructure to support its Warrant market making and brokerage trading workflows. The platform integrates real-time market connectivity, data aggregation, and transaction management within a unified system, strengthening Shinhan’s operational efficiency and execution capabilities.
“We are excited to go live with Horizon’s platform, especially its advanced Order Management System, which brings global-grade efficiency and control to our Vietnam operations,” said Mr. Van Duy Ngoc Tan, Head of Proprietary Trading at Shinhan Securities Vietnam. “Horizon has delivered not only robust OMS technology tailored to our needs, but also responsive and experienced local support that has been critical to a smooth rollout. This collaboration sets the foundation for future innovation as we continue expanding in Vietnam’s capital markets.”
Takeaway
Enhancing Trading Efficiency and Execution Quality
Through the integration, Shinhan Securities Vietnam gains access to Horizon’s Order Management System (OMS) and advanced algorithmic trading strategies, including TWAP (Time-Weighted Average Price), VWAP (Volume-Weighted Average Price), and POV (Percentage of Volume). These algorithms enhance execution quality and trading efficiency while providing the flexibility needed for Vietnam’s evolving market structure.
On the market making side, Horizon’s infrastructure supports accurate quoting, real-time risk control, and automated execution for Warrants on HOSE. This ensures that Shinhan can maintain liquidity and manage exposure across dynamic trading conditions while adhering to local regulations and platform protocols.
Emmanuel Faure, Head of APAC & MENA at Horizon Trading answers, said: “We’re honored to support Shinhan Securities Vietnam with a comprehensive answer spanning both brokerage and market making. The fact that Shinhan Korea already relies on Horizon for market making—and that Shinhan Securities Vietnam chose us over local vendors for the strength of our professional services—speaks volumes about the value and flexibility we deliver. We’re proud to continue supporting Shinhan’s international growth.”
Takeaway
Building Cross-Regional Synergy within Shinhan Financial Group
The deployment underscores the benefits of cross-regional collaboration within Shinhan Financial Group. The shared use of Horizon technology across both Shinhan Korea and Shinhan Vietnam highlights the group’s commitment to harmonized technology standards and operational excellence across markets.
The initial rollout phase supports click trading for cash equities and futures, with order flow routed through a dedicated IMS ledger system and executions via KISA and BNP Paribas. Future development phases will expand functionality to include basket pricing, futures pricing, and automation modules, further enhancing efficiency and scalability.
As Vietnam’s capital markets advance toward emerging market classification, the collaboration between Shinhan and Horizon represents a blueprint for how international financial institutions can integrate world-class trading infrastructure into rapidly developing markets.
