Vela Expands Market Data and Risk Management
VELA’S METRO TRADING PLATFORM EXPANDS MARKET DATA COVERAGE AND RISK MANAGEMENT CAPABILITIES
Metro integrates with SuperFeed and DMA Platform
Chicago, New York, London – October 31, 2019 – Vela, a leading independent provider of trading and market access technology for global multi-asset electronic trading solutions, today announced the integration of its Metro trading platform with its award-winning services, SuperFeed and DMA Platform, for expanded market data coverage and risk management capabilities respectively.
Vela’s Metro trading platform is a high-performance, server-based system supporting automated, algorithmic and click trading strategies that underpin buy- and sell-side trading requirements. Offering a complete solution for options pricing, execution, and risk management, Metro provides traders with access to all major US and European options markets, as well as newly-added Indian markets, on a single platform.
Vela’s SuperFeed delivers high-quality normalized real-time market data, with industry-leading levels of performance, availability and reliability as demanded by today’s trading applications. SuperFeed now powers the latency-critical aspects of Metro including the theoretical pricing center and execution by way of quoting and automated target orders. With access to 150+ equities, futures and options data sets including all major Americas and EMEA venues and with a growing number of Asia-Pacific markets, the wider coverage provides Metro clients with the potential for a range of new trading opportunities by applying Vela’s options volatility management and risk analysis tools.
Vela’s DMA Platform offers normalized order entry, pre-trade risk, drop copy, and full risk management, supported by a strong clearing member ecosystem. With the DMA Platform, Metro clients are able to trade on more of the world’s leading futures exchanges. Traders looking to leverage options trading strategies involving common underlying commodities listed at different exchanges globally now have the opportunity to execute these trades and utilize the pre- and post-trade risk features on the Metro system.
Scott Visconti, CTO at Vela, commented, “By bringing together the technologies from our core product offerings, our Metro clients can access increased market coverage and value-added risk management capabilities. We are pleased to be able to deliver an integrated solution for market data, execution, and automated trading to help our clients simplify electronic trading for futures and options.”
Vela is a leading independent provider of trading and market access technology for global multi-asset electronic trading. Our software enables clients to rapidly access global liquidity, markets, and data sources for superior execution. We help firms successfully differentiate and innovate in an ever-changing, increasingly-regulated and fiercely-competitive landscape, while also reducing total cost of ownership.
Vela’s ticker plant, execution gateways, trading platform, and risk and analytics software deliver a unique, ultra-low latency technology stack to simplify and streamline electronic trading. We leverage the latest innovations in technology to deliver cutting-edge performance, features and reliability. Our modular stack provides access to a comprehensive set of trading, data and risk APIs and can be delivered as-a-Service from multiple co-location data centers globally.
With access to more than 250 venues, Vela provides global coverage across all major asset classes. Clients are supported by an award-winning team of technical and business experts available 24×7 from our multiple offices in the US, Europe, and Asia. Vela’s clients include traders, market makers, brokers, banks, investment firms, exchanges, and other market participants.
Visit us at www.tradevela.com. Follow us on Twitter @TradeVela.
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