FRANKFURT, Germany & LONDON & NEW YORK & CHICAGO–(BUSINESS WIRE)–#BestExecution–Eurex, Europe’s largest derivatives exchange, and Vela, a global leader
in trading and market access technology, have teamed up to facilitate
electronic access to Eurex EnLight, the new selective request-for-quote
(RfQ) platform, via Vela’s Metro Trading Platform.
This further supports market participants seeking to trade via Eurex
EnLight as Vela’s technology solution will be a new alternative to the
existing ways of accessing the RfQ platform. With this development,
market participants can expect further operational efficiencies,
regulatory compliance with data reporting tools and best execution,
improvements to accessing liquidity, and a reduction in quote response
times on the platform.
Vela’s Metro is a high-performance trading platform supporting
automated, algorithmic, and click trading strategies. It is a complete
solution for options pricing, execution, and risk management combined
with best-of-breed API extensibility.
“We are very pleased with the new solution as it creates easy and
convenient electronic access to Eurex EnLight,” says Randolf Roth,
Member of the Eurex Executive Board. “We will continue to extend Eurex
EnLight into the equity derivatives space in the first half of 2019.”
Ollie Cadman, Global Head of Product Management and Business
Operations at Vela commented: “We are delighted to be the first
technology provider to deliver custom RfQ tools for Eurex EnLight,
enabling request reception, negotiation and trading.” He continued, “The
addition of Eurex EnLight connectivity to Metro provides clients with a
streamlined approach to access this new platform. We look forward to
continue working with Eurex to deliver innovative solutions that
simplify electronic trading.”
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
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.
Operated by Deutsche Börse Group, Eurex offers a broad range of
international benchmark products and operate one of the most liquid
fixed income markets in the world, featuring open and low-cost
electronic access. With market participants connected from 700 locations
worldwide, trading volume at Eurex exceeds 1.6 billion contracts a year,
making us the market place of choice for the derivatives community
To find out more about Eurex EnLight visit here.
The Realization Group
+44 7974 937970