Vela, an independent of trading and market access technology, has announced on Tuesday the addition of ED&F Man Capital Markets’ smart order routing, thus offering execution services for US equities and equity options.
With this collaboration, the market infrastructure provider is adding the execution capabilities on its low-latency DMA Platform, and on Metro, its automated trading and market-making front-end. Buy-side clients on Vela’s newly added services with a single API.
“Liquidity is fragmented, and firms need to see the entire breadth of the market to ensure [the] best execution,” Ollie Cadman, Chief Product Officer at Vela, said on the necessity of this partnership. “This often requires the deployment of smart order routers and low-latency execution platforms.”
Vela provides access to more than 250 global markets with exposure to almost all asset classes. Its clients range from traders to brokers and market makers to investment firms.
The announcement further derailed that Chicago-based GalNet Asset Management will be the first client on Vela’s Metro to have its orders routed via ED&F Man Capital Markets.
“At Vela, we understand these challenges and are committed to providing our buy-side clients with cost-effective solutions as we continue to build out our broker ecosystem. We are thrilled to work with the team at ED&F Man Capital Markets to help empower traders with access to greater liquidity and reduced transactional costs,” Cadman added.
“ED&F Man Capital Markets is focused on innovations and technology that make trading as efficient and effective as possible,” ED&F Man Capital Markets’ Head of Equity Clearing, David Sklar said.
“Through partnerships such as this, we’re able to offer traders exposure to asset classes they may not otherwise be able to access.”