Knowledge and buying and selling expertise supplier Vela has built-in Fenics US Treasuries (UST) with its direct market entry (DMA) platform, permitting purchasers to entry money and derivatives buying and selling venues.
The mixing goals to ship a low latency path to the venue and enhance transactional and communication efficiency by cross-connecting Vela’s DMA platform to Fenics’ co-location in New Jersey.
“With the degrees of automation within the charges and credit score markets persevering with to development upwards, the addition of Fenics UST merchandise to our DMA Platform gives our purchasers with ultra-low-latency entry to US money and derivatives treasuries information by way of a single API. Our high-performant execution platform can simply be built-in into any in-house or third-party EMS/OMS,” mentioned Vela chief product officer, Ollie Cadman.
“Vela is worked up to have added Fenics onto our platform as a part of our purpose to develop our Mounted Revenue protection and performance to assist Charges buying and selling desks with worth discovery, order routing, and workflow automation.”
Purchase-side and sell-side companies can profit from Vela’s order entry, pre-trade and post-trade threat layers, and market information for all derivatives venues, whereas additionally buying and selling money and derivatives US Treasury markets by way of a single API, Vela added.
Final month, the information and buying and selling expertise supplier confirmed it had expanded its market information partnership with communications and networking options specialist IPC. The partnership growth will see real-time market information feed, SuperFeed, change into out there to purchasers through the IPC Connexus Cloud ecosystem in a bid to simplify and velocity up entry to information.