Vela, an independent provider of trading and market technologies to global multi-asset brokerages has announced the addition of Asia Pacific (APAC) exchanges to its SuperFeed. SuperFeed is Vela’s normalized Market Data Feed. This allows brokerages to get new ways of access to both domestic and global markets.
Initially, it will deliver APAC exchange data to existing locations in Europe and North America. It has added all the major futures and options markets within the region in its SuperFeed specifically the ASX24, Hong Kong Exchange, National Stock Exchange of India, Osaka Stock Exchange and Singapore Stock Exchange. Veal has also said that more exchanges will be will be added in 2019 as well as access points within the region.
The SuperFeed provides low-latency, normalized market data without the need for any client infrastructure, delivering standardised performance, and availability and reliability required of a trading quality of market data feed. It has already over 100 markets and data sources listed on SuperFeed, covering all major North American and European Markets. Recently, it has added cryptocurrency coins and tokens from CoinMarketCap.
The expansion tunes in with the company’s growth strategy in which it aims to provide more in-region access to Vela services including that of Market Data Feed and DMA platform. The remainder of 2018 and in 2019, the company will put additional access points including new in-region deployments of the DMA platform within Exchange Co-location sites starting with Tokyo.
While commenting on the development, Ollie Cadman, Vela’s Global Head of Product Management and Business Operations said:
“Vela has always had good Asian market data and trading software coverage, dedicated regional support, and a growing number of clients within APAC.” Adding, “More recently, we have seen an increase in demand for data and access to APAC services from within the region and the wider international trading community as clients deploy more global strategies and seek new opportunities outside of their traditional home markets.”
