Vela announced this Thursday that it has integrated its Metro trading platform, with two of its other services – SuperFeed and DMA Platform, in order to provide its customers with expanded market data coverage and risk management capabilities.
Vela is an independent provider of trading and market access technology. In particular, it makes multi-asset electronic trading solutions. The company’s Metro trading platform is a server-based system that supports automated, algorithmic, and click trading strategies.
The platform aims to provide a foundation for buy- and sell-side trading requirements. As part of this, Metro is a solution for options pricing, execution, and risk management. Furthermore, the platform allows investors to trade all major US and European options markets, with Indian markets having recently been added.
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Post-integration capabilities of Vela’s Metro
Vela’s SuperFeed, on the other hand, provides real-time normalized market data. Following the integration, the solution now powers the latency-critical aspects of Metro. This includes the theoretical pricing center and execution.
“With access to 150+ equities, futures and options data sets including all major Americas and EMEA venues and with a growing number of Asia-Pacific markets, the wider coverage provides Metro clients with the potential for a range of new trading opportunities by applying Vela’s options volatility management and risk analysis tools,” the statement said.
Lastly, the company’s DMA platform provides normalized order entry, pre-trade risk, drop copy, and full risk management. This solution has enhanced the Metro platform by allowing clients to trade on more futures exchanges.
Commenting on the development, Scott Visconti, CTO at Vela, said: “By bringing together the technologies from our core product offerings, our Metro clients can access increased market coverage and value-added risk management capabilities. We are pleased to be able to deliver an integrated solution for market data, execution, and automated trading to help our clients simplify electronic trading for futures and options.”