The leading knowledge platform for the financial technology industry
The leading 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

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.

Related content

WEBINAR

Recorded Webinar: The evolution of market surveillance across sell-side and buy-side firms

Market surveillance is crucial, and in many cases a regulatory requirement, to ensuring orderly securities markets and sustaining confidence in trading. It can be breached and has become increasingly complex in the wake of the Covid pandemic, Brexit, and the emergence of new asset classes. This webinar will review the extent of market abuse in...

BLOG

Liquidnet Launches Primary Markets for Electronic Trading of New Bond Issues

TP ICAP’s Liquidnet subsidiary has launched a platform to support electronic trading of new issues in fixed income markets. Liquidnet Primary Markets provides an electronic workflow for new issues in Debt Capital Markets (DCM), together with a new protocol for trading new issues. Integrated into the existing Liquidnet Fixed Income trading application, the solution provides...

EVENT

Data Management Summit Europe Virtual (Redirected)

The Data Management Summit Europe Virtual brings together the European data management community to explore the latest challenges, opportunities and data innovations facing sell side and buy side financial institutions.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...