Vela Connects Trading Platform To BNP Paribas FIX Order Gateway
- Called Metro, the platform gives users access to options markets in the US and Europe
Trading technology provider Vela announced today that it has connected one of its platforms to BNP Paribas’ FIX order gateway.
“We are delighted that Vela has completed the certification process by connecting Metro to our FIX order gateway,” said John Nunziata, Head of Electronic Execution at BNP Paribas.
“We have mutual clients already leveraging this connectivity, and we are looking forward to onboarding new clients to a sophisticated platform.”
Though Vela builds products for most asset classes, Metro is geared towards options trading.
Users of the software can access most major options markets in Europe and North America. The platform also has pricing, execution and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term tools built into it.
Good for the buy-side, good for the sell-side
Vela claims that the system has proven useful to buy and sell-side firms as it has automated, algorithmic and click trading strategies.
“We are excited to complete this BNP Paribas certification to enable end-to-end trade processing,” said company CEO Jen Nayar. “This integration provides our global clients with the convenience of directing trade flow through BNP Paribas’ gateway.”
“In addition to our ongoing innovation in technology and staying current with changing market demands, we work closely with major industry participants like BNP Paribas to simplify electronic trading for clients.”
The deal with BNP Paribas is the second major deal that Vela has pulled off in the past month.
At the beginning of February, the technology company announced that it had partnered with cryptocurrency market data provider CoinRoutes.
That deal saw Vela provide the cryptocurrency firm with smart order solutions.
Trading technology provider Vela announced today that it has connected one of its platforms to BNP Paribas’ FIX order gateway.
“We are delighted that Vela has completed the certification process by connecting Metro to our FIX order gateway,” said John Nunziata, Head of Electronic Execution at BNP Paribas.
“We have mutual clients already leveraging this connectivity, and we are looking forward to onboarding new clients to a sophisticated platform.”
Though Vela builds products for most asset classes, Metro is geared towards options trading.
Users of the software can access most major options markets in Europe and North America. The platform also has pricing, execution and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term tools built into it.
Good for the buy-side, good for the sell-side
Vela claims that the system has proven useful to buy and sell-side firms as it has automated, algorithmic and click trading strategies.
“We are excited to complete this BNP Paribas certification to enable end-to-end trade processing,” said company CEO Jen Nayar. “This integration provides our global clients with the convenience of directing trade flow through BNP Paribas’ gateway.”
“In addition to our ongoing innovation in technology and staying current with changing market demands, we work closely with major industry participants like BNP Paribas to simplify electronic trading for clients.”
The deal with BNP Paribas is the second major deal that Vela has pulled off in the past month.
At the beginning of February, the technology company announced that it had partnered with cryptocurrency market data provider CoinRoutes.
That deal saw Vela provide the cryptocurrency firm with smart order solutions.