About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Eurex and Vela Partner to Deliver Improvements to Eurex EnLight

Subscribe to our newsletter

Europe’s largest futures and options exchange, Eurex, has joined forces with trading and market access technology provider Vela to enhance electronic access to its selective request-for-quote (RFQ) platform Eurex EnLight through Vela’s Metro Trading Platform.

Eurex EnLight is an off-book trading service for listed derivatives launched in December 2017 to provide market participants with a platform on which to selectively engage with counterparties to find liquidity and arrange exchange trades. In June 2018 the platform expanded to cover equity and index derivatives – specifically, equity options and equity index options on Swiss underlyings, in addition to fixed income derivatives. Orders are automatically transmitted to Eurex’s T7 entry service for exchange trade confirmation and post-trade processing, thus addressing member limitations around current price discovery processes.

The platform was developed against the background of MiFID II and MiFIR with a focus on supporting best execution through the partnership of market makers and brokers – one of the key requirements for investor protection under MiFID II.

The new partnership with Vela is expected to further support market participants aiming to trade via EnLight through the provision of increased operational efficiencies, upgraded regulatory compliance surrounding data reporting tools and best execution, improvements to accessing liquidity and a reduction in quote response times on the platform.

“We are very pleased with the new solution as it creates easy and convenient electronic access to Eurex EnLight,” says Randolf Roth, a member of the Eurex Executive Board. “We will continue to extend Eurex EnLight into the equity derivatives space in the first half of 2019.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Market Abuse: Trends and Issues to Watch Out for in 2023

Date: 2 March 2023 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes With the FCA taking a supervisory approach to regulating firms, many regulatory interventions won’t end up in the public domain. What are they looking for and how do you ensure you stay on the right side of their supervision?...

BLOG

SIX Expands Data Offerings by Partnering with Tradeweb and CryptoCompare

Swiss-based infrastructure services and financial information company SIX has entered into two partnership agreements that will expand the company’s data offerings. By partnering with global electronic marketplace operator Tradeweb, SIX customers will have access to municipal bond prices generated by Tradeweb Municipal AI-Price. And through a partnership with CryptoCompare, the digital asset market data provider,...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...