Source: Investing Posted 29/11/2024, 16:06
Hong Kong – Solowin Holdings (NASDAQ: SWIN), a prominent financial services company with a current value of $39 million, has announced a strategic partnership with Horizon Trading Solutions, a leader in electronic trading solutions. According to investing data, the company maintains strong liquidity with a current trading ratio of 2.12.
although it faces profitability challenges with negative earnings in the past twelve months. This alliance aims to integrate Horizon’s algorithmic technology into Solowin Equity and Virtual Asset ETF trading systems.
Horizon will provide a managed and hosted services model.
with 24/7 support and advanced shared hosting infrastructure to facilitate rapid execution on the Hong Kong Stock Exchange. The partnership will enable high-frequency institutional trading firms to use Horizon’s dedicated position and short management modules.
enhancing trading efficiency through FIX protocols.
Hong Kong has the distinction of being the first marketplace to support subscription and in-kind redemption of ETFs for spot virtual assets. Solomon JFZ, a subsidiary of Solowin, is a regulated virtual asset services provider and major trader of ETFs managed by China Asset Management and Harvest Global Investments. Solomon JFZ has become the largest holder of client assets in various spot virtual asset ETFs in Hong Kong.
Thomas Tam, CEO of SOLOWIN, commented on the potential of the partnership to improve trading execution and adaptability for clients.
especially with the addition of institutional trading clients. Emmanuel Faure, Head of Asia Pacific and MENA at Horizon, expressed his enthusiasm for bringing advanced trading solutions to Asia’s virtual asset markets.
underscoring Horizon’s commitment to innovation and high-performance technology.
Solowin Holdings offers a range of services that include traditional and virtual assets.
including investment banking, wealth management and Web3 solutions. Despite maintaining a gross profit margin of close to 100%.
the company faces challenges with a return on equity of -74%. Want deeper insights? Investing subscribers have access to over 30 additional financial metrics and expert analytics that can help evaluate investment opportunities in companies like Solowin.
With over two decades of experience, Horizon Trading Solutions provides electronic trading and connectivity technology to capital market participants. This partnership is based on a press release and includes forward-looking statements subject to risk and uncertainty. They reflect the Company’s expectations of future events that may affect its financial position and business strategy. The information provided is for informational purposes only and does not constitute endorsement of companies or their products.
Hong Kong-based Solowin Holdings has unveiled a strategic partnership with Zodia Custody, a digital asset keeper backed by Standard Chartered. This alliance aims to strengthen Hong Kong’s digital asset ecosystem by offering secure and compliant custody services to Solowin customers.
The partnership will enable Zodia Custody to become one of the custodians for Solowin customers, providing enhanced security and bank-grade compliance. The two companies plan to further leverage their resources and regulatory licenses to meet the growing demand for digital asset investments in the region.
subject to the necessary regulatory approvals. Marco Lim, Web3 partner at Solowin, confirmed that this collaboration will enhance their service offerings and meet customer needs with a fully separate wallet solution.
