AP NEWS

Vela Wins Best DMA Offering for the Fourth Time

February 7, 2019
(Graphic: Business Wire)

NEW YORK & CHICAGO & LONDON--(BUSINESS WIRE)--Feb 7, 2019--Vela, a leading independent provider of trading and market access technology for global multi-asset electronic trading, today announced that it has once again been named Best DMA Offering in the Fund Technology and WSL Awards 2019 for the fourth year.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190207005306/en/

The Fund Technology and WSL Awards 2019 recognize and reward providers catering to asset managers and institutional traders who have demonstrated a commitment to and delivery of exceptional customer service and innovative product development over the past 12 months.

Vela’s Direct Market Access (DMA) platform offers normalized entry, pre-trade risk, drop copy, full risk management and normalized market data, supported by a strong clearing member ecosystem. This high-performant and scalable platform provides ultra-low latency and fully-normalized access to all the major listed derivatives venues for buy-side and sell-side firms. In addition, the multi-asset DMA platform is supporting a growing number of global trading destinations in the Fixed Income markets.

“We congratulate the team at Vela for once again winning Best DMA Offering,” said Paul McMillan, Fund Intelligence Managing Editor. Adding, “The trading support and technology space is constantly evolving and as this year’s awards have an increased focus on innovation, Vela’s award win in this category is a true testament to the strength of their offering.”

Gerry Turner, Global Head of Platform as a Service at Vela, commented, “We are delighted to be recognized as the Best DMA Offering at the Fund Technology and WSL Awards.” Adding, “Winning this award for the fourth year reflects our commitment to supporting a global client base with a multi-asset, low-touch DMA platform. We had a strong 2018, expanding our coverage in terms of both geography and asset classes. For 2019, we continue to extend our reach with even more venues in APAC and market coverage in Fixed Income. We look forward to another exciting year, delivering innovative products and as-a-Service deployment models so that our clients can focus on their core businesses while adapting to shifts in liquidity and market conditions.”

About Vela

Vela is a leading independent provider of trading and market access technology for global multi-asset electronic trading. Our software enables clients to rapidly access global liquidity, markets, and data sources for superior execution. We help firms successfully differentiate and innovate in an ever-changing, increasingly regulated and fiercely-competitive landscape, while also reducing total cost of ownership.

Vela’s ticker plant, execution gateways, trading platform, and risk and analytics software deliver a unique, ultra-low latency technology stack to simplify and streamline electronic trading. We leverage the latest innovations in technology to deliver cutting-edge performance, features and reliability. Our modular stack provides access to a comprehensive set of trading data and risk APIs and can be delivered “as-a-Service” from multiple co-location data centers globally.

With access to more than 250 venues, Vela provides global coverage across all major asset classes. Clients are supported by an award-winning team of technical and business experts available 24x7 from our multiple offices in the US, Europe, and Asia. Vela’s clients include traders, market makers, brokers, banks, investment firms, exchanges, and other market participants.

Visit us at www.tradevela.com. Follow us on Twitter @TradeVela

View source version on businesswire.com:https://www.businesswire.com/news/home/20190207005306/en/

CONTACT: For media inquiries, please contact

Melanie Budden, The Realization Group

Email:melanie.budden@therealizationgroup.com

Tel: +44 7974 937970

KEYWORD: UNITED KINGDOM UNITED STATES EUROPE NORTH AMERICA ILLINOIS NEW YORK

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE OTHER TECHNOLOGY PROFESSIONAL SERVICES FINANCE

SOURCE: Vela

Copyright Business Wire 2019.

PUB: 02/07/2019 09:00 AM/DISC: 02/07/2019 09:01 AM

http://www.businesswire.com/news/home/20190207005306/en

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