Vela Adds New Market Data Feed Handlers and Gateways11.01.2016 By John D'Antona Editor, Traders Magazine
Vela – New York, NY – November 1, 2016 – Vela Trading Technologies, a global leader in high performance trading and market data technology, today announced the continued expansion of its market data coverage, adding a variety of new direct market feed handlers and gateways including a growing number across the Asian markets. The venues span multiple global exchanges and cover asset classes including futures, options, equities, foreign exchange, indices, derivatives, index futures, and index options.
Vela’s SMDS direct data feed handlers are developed and built entirely in house with no third-party dependencies and provide market data access to an ever-increasing number of global trading destinations. Vela now offers over 250 venues and is constantly adding new SMDS feed handlers to this list in line with client requirements. The feed handlers deliver low latency processing of market data events and can also be configured to deliver data to multiple applications in an enterprise setting.
With the growing interest and activity in Asia, Vela has also added new SREX market access gateways to its inventory to support order flow to liquidity pools in Tokyo, Osaka, India, Singapore, and Hong Kong. The Hong Kong market access solution supports the China Connect Open Gateway Interface, which connects the Hong Kong and Shanghai exchanges, to allow firms to trade eligible shares on the other market.
Jennifer Nayar, CEO of Vela Trading Technologies, commented: “We are committed to supporting the continued growth of our clients’ trading activity with ever-increasing feed handler coverage including venues in Asia that have recently been in high demand from our client base.” She continued, “We pride ourselves on ensuring that our feed handlers keep pace with the many hundreds of updates and changes received from exchanges globally every year.”
Robert Hanley, Global Head of Professional Services and Implementation, added: “Our client support team is continually monitoring and updating our existing feed handler solutions to support the high volume of exchange driven changes (EDCs) often at very short notice. In fact, during 2016, we have assessed the impact of almost 400 updates and have supported more than 120 exchange-driven software updates.” The table below provides an overview of the latest feed handlers added.
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