Vela Expands into APAC, DMA Platform Now Available on JPX Site

The partnership with JPX is the latest step in Vela's APAC expansion plan.

Vela, an independent provider of trading and market access technology, announced this Tuesday that its Direct Market Access (DMA) platform is now available in the Japan Exchange Group’s (JPX) site in the Tokyo region.

With the collaboration, Vela’s platform can deliver execution and market data in the JPX co-location space in Tokyo. This means the company can also provide ultra-low latency order routing and market data to the Osaka Exchange (OSE).

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Vela and JPX Connection Furthers APAC Expansion Plans

Already, the Australian Securities Exchange (ASX) is live on Vela’s DMA platform. According to the statement, JPX is the next step in the company’s global expansion, with further points of presence planned in important markets in the Asia Pacific region, such as the Singapore Exchange (SGX) and the Stock Exchange of Hong Kong Limited (HKEX).

Ryusuke Yokoyama of JPX
Ryusuke Yokoyama
Photo: Richard A. de Guzman
Source: Infopro Digital Risk (IP) Limited (2019)

Commenting on the partnership, Ryusuke Yokoyama, Senior Executive Officer and CIO at JPX said: “We are delighted to welcome Vela to our co-location space.”

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“Vela, a rapidly growing independent service provider, is providing low latency OSE market data distribution and order entry to users and we hope this expansion improves user convenience and assists smoother trading activities. Vela supports our focus on working with quality partners and we look forward to building upon this relationship.”

Through its DMA platform, Vela offers normalized order entry, pre-trade risk, drop copy, full risk management, and normalized market data. For buy-side and sell-side firms, the platform provides ultra-low latency and fully-normalized access to all the major listed derivatives venues.

Ollie Cadman of Vela
Ollie Cadman, the Global Head of Product Management at Vela
Source: LinkedIn

“Vela is seeing growing demand for execution and market data services within the APAC region, as evidenced by our latest major client going live in the JPX co-location area,” added Ollie Cadman, Global Head of Product Management and Business Operations at Vela.

“Clients are looking to deploy more global trading strategies and seek new opportunities outside of their traditional home markets. Over 70% of the orders placed on the JPX markets is from within their co-location environment and the performance and risk characteristics of our DMA Platform is a perfect fit for clients looking to access the liquidity within this market.”

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