Vela Trading Taps Enyxs FPGA Technology and nxFeed Product

New York-based and data specialist Enyx today said they have forged a strategic partnership to ensure market data stability and quality for Vela’s market access infrastructure.
The deal provides  with diverse access points to Enyxs FPGA-based technology, initially focused on low latency market data solutions.

Vela has also selected product for their market access, which will be provided through its existing API that already supports over 250 venues, and the two companies are teaming up to integrate their hardware acceleration technology to improve efficiency in real time data processing.
The nxFeed product presents many advantages as a fast way to distribute market data strategies; it already supports 42 markets in the USA, Asia and Europe and is looking to extend its overall coverage of 16 new markets in the next months.
Vela caters to a diverse clientele
Vela Trading, formally SR Labs, is a low-latency feed handler and market data platform provider. The group also caters to a diverse clientele via a comprehensive offering of technology deliverability utilities, trading infrastructure capabilities, and delivery mechanisms.
In July 2017, Vela acquired Object Trading’s Direct Market Access (DMA) Platform which carries over $150 billion in notional value traded daily. This acquisition was part of Vela’s strategic plan to grow its trading technology portfolio.
Earlier in August, the trading and market access technology specialist partnered with  data to its market data feed.
Ollie Cadman, Global Head of Product Management and Business Operations at Vela, commented: “This partnership with Enyx aligns with our strategy to provide global clients with a suite of modular components that support the full electronic trading ecosystem. By joining forces with Enyx, our clients have access to a powerful and fully-integrated technology solution that meets their need for speed in electronic trading markets.”
Laurent de Barry, Founder & Managing Director, Trading Solutions at Enyx, added “Leveraging our FPGA-enabled solutions to accelerate and enhance Velas market data offering is only the first step. Adding, We expect that the integration of nxFeed into the Vela feed handlers will be the first of many opportunities to further enhance the ultra-low latency solutions being delivered to Vela clients.”