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

Vela Extends List of Systematic Internaliser Data Feeds with Addition of IMC Electronic Liquidity Providing SI

Subscribe to our newsletter

Vela has expanded its provision of access to systematic internalisers (SIs) through its SMDS software-based feed handler with the addition of the IMC Electronic Liquidity Providing (ELP) SI. IMC is a technology-driven market maker that develops innovative technology and algos to trade multiple asset classes on more than 100 trading venues worldwide. The ELP SI offers liquidity to counterparties that is not shown on any other platforms.

IMC ELP SI adds to a growing list of SIs delivering European equities market data via Vela’s feed handler and already including Virtu, Citadel, Jane Street, and Hudson River. Ollie Cadman, global head of product management and business operations at Vela, says the company is working with clients to add more SI data feeds to SMDS, which provides ultra-low latency, high performance, normalised access to market data on a global basis and with support for all major asset classes. The SI feeds are part of Vela’s wider MiFID II offering.

Cadman comments: “Over the past 18 months, SIs have become an important part of the liquidity landscape and our offering.” Vela’s SMDS feed handler provides a single API that clients can use to access and manage a number of SI feeds. The data can also be accessed through the company’s hosted and managed ticker plant appliance, helping users to quickly access the right liquidity pools as SIs proliferate and liquidity shifts.

Bruce Gunn, institutional sales trader – ETF trading at IMC, says connectivity with Vela will grow the number of firms with access to IMC’s ELP SI liquidity. In addition to the SI being available in Europe, clients in the US can leverage the same technology using the company’s single dealer platform.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Enhancing Buy-Side Trading Efficiency: Navigating Interoperability and AI in Real Workflows

Date: 26 June 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Enhancing Buy-Side Trading Efficiency: Navigating Interoperability and AI in Real Workflows Emerging capabilities in AI and interoperability are transforming trading workflows, with the promise of heightened levels of collaboration and personalisation resulting in greater efficiency and performance. The potential...

BLOG

The Impact of The Move to T+1: What to Look Out for

By Sandeep Sabnani, Head of Equities Product Strategy and Growth at ION Markets. The shift to T+1 settlement over the past few years has occupied the minds of front office and trading desks across equity markets globally. Earlier this year, India became the first major economy to fully introduce T+1, following a phased approach, while...

EVENT

TradingTech Summit London

Now in its 13th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Preparing For Primetime – How to Benefit from the Global LEI

They say time flies when you’re enjoying yourself, and so it seems the industry have been having a blast with its preparations for the introduction of the global legal entity identifier (LEI) next month. But now it’s time to get serious. To date, much of the industry debate has centred on the identifier itself: its...