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NY-based Vela expands market data and risk management offerings

Vela

Scott Visconti, CTO at Vela

Vela, a New York-based FinTech firm, announced on Thursday the integration of its ‘Metro’ trading platform with its ‘SuperFeed’ and ‘DMA Platform’, for expanded market data coverage and risk management capabilities.

Metro is a server-based system supporting automated, algorithmic and click trading strategies that support buy- and sell-side trading requirements. As a comprehensive solution for options pricing, execution, and risk management, the platform provides traders access to all major US and European options markets, as well as newly added Indian markets, on a single platform, according to a statement.

Vela’s SuperFeed delivers real-time market data. It now powers the critical aspects of Metro including the theoretical pricing center and execution by way of quoting and automated target orders. A 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 company’s DMA Platform offers normalized order entry, pre-trade risk, drop copy, and full risk management, supported by a clearing member ecosystem. With the platform, Metro clients can trade on several leading futures exchanges. Traders looking to leverage options trading strategies involving common underlying commodities listed at different exchanges globally now have the opportunity to execute these trades and utilize the pre and post-trade risk features on the Metro system.

“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,” Scott Visconti, CTO at Vela, commented.

Vela is a provider of trading and market access technology for global multi-asset electronic trading. Its software enables clients to rapidly access global liquidity, markets, and data sources. They help firms differentiate and innovate in a highly regulated and competitive landscape, while also reducing the total cost of ownership.

The company through its various software delivers an ultra-low latency technology stack to simplify and streamline electronic trading. Its stack provides access to trading, data and risk APIs and can be delivered as-a-Service from multiple co-location data centers globally.

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