Vela, a provider of and market data technology, announced this Thursday morning that it has joined forces with Eurex, the largest derivatives exchange in Europe, to provide electronic access to Eurex EnLight.
EnLight is a request-for-quote (RfQ) platform where brokers and Market Makers can meet to negotiate off-book trades. The platform covers Swiss equity and equity index derivatives, in addition to a suite of fixed income products.
Vela to facilitate access via Metro Trading Platform
Vela will facilitate access to EnLight via its Metro Trading Platform, a high-performance trading platform, providing an alternative to the existing ways of accessing the RfQ platform. In addition, the partnership will also reduce quote response times on the platform.
The EnLight platform performs the core aspect of the . Through its electronic price discovery, banks and brokers alike can selectively contact Market Makers with requests for quotes in order to find a trading counterparty.
Source: Eurex Group
Vela’s Metro platform supports automated, algorithmic and click trading strategies. The collaboration between Vela and Eurex, which is operated by , also aims to bring further operation efficiencies, regulatory compliance, best execution, improvements to accessing liquidity and data reporting tools.
Source: LinkedIn
“The 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,” he continued.
Vela Teams Up with Eurex to Provide Access to EnLight
Published in Analysys
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