Eurex and Vela team up 10 December 2018Frankfurt Reporter: Maddie Saghir
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Eurex has teamed up with Vela to facilitate electronic access to Eurex EnLight, the new selective request-for-quote (RFQ) platform, via Vela鈥檚 Metro Trading Platform.
According to Eurex, this further supports market participants seeking to trade via Eurex EnLight.
This is because Vela鈥檚 technology solution will be a new alternative to the existing ways of accessing the RFQ platform.
With this development, market participants can expect further operational efficiencies, regulatory compliance with data reporting tools and best execution, Eurex revealed.
Additionally, they can expect to see improvements to accessing liquidity, and a reduction in quote response times on the platform.
Vela鈥檚 Metro is a trading platform supporting automated, algorithmic, and click trading strategies.
It is a complete solution for options, pricing, execution, and risk management combined with best-of-breed API extensibility.
Randolf Roth, member of the Eurex Executive Board, said: 鈥淲e are very pleased with the new solution as it creates easy and convenient electronic access to Eurex EnLight.鈥�
鈥淲e will continue to extend Eurex EnLight into the equity derivatives space in the first half of 2019.鈥�
Ollie Cadman, global head of product management and business operations at Vela, commented: 鈥淲e are delighted to be the first technology provider to deliver custom RQ tools for Eurex EnLight, enabling request reception, negotiation and trading.鈥�
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He continued: 鈥淭he addition of Eurex EnLight connectivity to Metro provides clients with a streamlined approach to access this new platform. We look forward to continue working with Eurex to deliver innovative solutions that simplify electronic trading.鈥�
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