Vela Expands Systematic Internaliser Data Hub Offering with Virtu Financial
January 02, 2018 at 09:00 am
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Vela announced the addition of Virtu Financial, to the growing list of electronic liquidity providers delivering market data through its new Systematic Internaliser (SI) Data Hub, part of its comprehensive MiFID II solution suite. Based upon Vela’s core feed handler technology, the SI Data Hub provides a low latency, high performance normalised market data solution. The functionality aggregates SI data and allows clients to receive their own bespoke SI price feeds through a single connection and unified API. The SI Data Hub also provides clients with their own configurable Best Bid and Offer feed for a holistic view of an instrument’s liquidity across venues. Vela delivers a similar solution for exchanges and multilateral trading facilities (MTFs) with the European Best Bid and Offer (EBBO) feed.
Virtu Financial, Inc. is a financial services company that leverages technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. The Company's segments include Market Making and Execution Services. The Market Making segment principally consists of market making in the cash, futures, and options markets across global equities, fixed income, currencies, cryptocurrencies, and commodities. The Execution Services segment offers agency execution services and trading venues that provide trading in global equities, exchange traded funds, fixed income, currencies, and commodities to institutions, banks and broker dealers. The Company's integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools. It provides a product suite, including offerings in liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology.