VELA'S DMA Platform Listed in JPX Website with an Eye to Further Expand into APAC

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.


VELA’s DMA Platform Listed in JPX Website with an Eye to Further Expand into APAC

April 2, 2019

VELA, an independent provider of trading and market data technology, has announced that its award-winning Direct Market Access (DMA) platform is now available in the Japan Exchange Group (JPX) site in Tokyo region.

The access to the Tokyo region through JPX will strengthen the company’s presence in the APAC region and also well bodes with the firm’s wider expansion plans in the region to enable clients to trade additional markets, locally and globally. This will ensure Vela’s platform to deliver execution and market data in the JPX co-location space in Tokyo. The DMA platform provides ultra-low latency and fully normalized access to all major derivative exchange for both buy and sells side clients.

Collaborating with JPX was the next logical step for Vela’s pursuit of global expansion, with further points of presence in markets in the Asia Pacific region such as Singapore Exchange (SGX) and the Stock Exchange of Hong Kong Limited (HKEX).

Ryusuke Yokoyama, Senior Executive Officer and CIO at JPX commented:

“We are delighted to welcome Vela to our co-location space. Vela, a rapidly growing independent service provider, is providing low latency OSE market data distribution and order entry to users and we hope this expansion improves user convenience and assists smoother trading activities. Vela supports our focus on working with quality partners, and we look forward to building upon this relationship.”

Ollie Cadman, Global Head of Product Management and Business Operations at Vela, commented:

“Vela is seeing growing demand for execution and market data services within the APAC region, as evidenced by our latest major client going live in the JPX co-location area. Clients are looking to deploy more global trading strategies and seek new opportunities outside of their traditional home markets.” He continued, “Over 70% of the orders placed on the JPX markets is from within their co-location environment, and the performance and risk characteristics of our DMA Platform is a perfect fit for clients looking to access the liquidity within this market.” 

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