Vela Offers US Equities Execution with ED&F Man Capital Partnership
- GalNet Asset Management will be the first client to access the new service.
Vela, an independent of trading and market access technology, has announced on Tuesday the addition of ED&F Man Capital Markets’ smart order routing, thus offering execution services for US equities and equity options.
With this collaboration, the market infrastructure provider is adding the execution capabilities on its low-latency DMA Platform, and on Metro, its automated trading and market-making front-end. Buy-side clients on Vela’s newly added services with a single API.
“Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term is fragmented, and firms need to see the entire breadth of the market to ensure [the] best execution,” Ollie Cadman, Chief Product Officer at Vela, said on the necessity of this partnership. “This often requires the deployment of smart order routers and low-latency execution platforms.”
A Market Infrastructure Provider
Vela provides access to more than 250 global markets with exposure to almost all asset classes. Its clients range from traders to brokers and Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term to investment firms.
The announcement further derailed that Chicago-based GalNet Asset Management will be the first client on Vela’s Metro to have its orders routed via ED&F Man Capital Markets.
“At Vela, we understand these challenges and are committed to providing our buy-side clients with cost-effective solutions as we continue to build out our broker ecosystem. We are thrilled to work with the team at ED&F Man Capital Markets to help empower traders with access to greater liquidity and reduced transactional costs,” Cadman added.
“ED&F Man Capital Markets is focused on innovations and technology that make trading as efficient and effective as possible,” ED&F Man Capital Markets’ Head of Equity Clearing, David Sklar said.
“Through partnerships such as this, we’re able to offer traders exposure to asset classes they may not otherwise be able to access.”
Vela, an independent of trading and market access technology, has announced on Tuesday the addition of ED&F Man Capital Markets’ smart order routing, thus offering execution services for US equities and equity options.
With this collaboration, the market infrastructure provider is adding the execution capabilities on its low-latency DMA Platform, and on Metro, its automated trading and market-making front-end. Buy-side clients on Vela’s newly added services with a single API.
“Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term is fragmented, and firms need to see the entire breadth of the market to ensure [the] best execution,” Ollie Cadman, Chief Product Officer at Vela, said on the necessity of this partnership. “This often requires the deployment of smart order routers and low-latency execution platforms.”
A Market Infrastructure Provider
Vela provides access to more than 250 global markets with exposure to almost all asset classes. Its clients range from traders to brokers and Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term to investment firms.
The announcement further derailed that Chicago-based GalNet Asset Management will be the first client on Vela’s Metro to have its orders routed via ED&F Man Capital Markets.
“At Vela, we understand these challenges and are committed to providing our buy-side clients with cost-effective solutions as we continue to build out our broker ecosystem. We are thrilled to work with the team at ED&F Man Capital Markets to help empower traders with access to greater liquidity and reduced transactional costs,” Cadman added.
“ED&F Man Capital Markets is focused on innovations and technology that make trading as efficient and effective as possible,” ED&F Man Capital Markets’ Head of Equity Clearing, David Sklar said.
“Through partnerships such as this, we’re able to offer traders exposure to asset classes they may not otherwise be able to access.”