Vela has announced a roadmap of investment for its market data feed, SuperFeed, by increasing access points to SuperFeed with new in-region data centers in Asia and by expanding content with over 60 new venues including all major APAC exchanges and emerging markets from the Middle East, North Africa, and Latin America.
The significant expansion of infrastructure will complement the existing access points in North America and Europe, as well as delivery through major public cloud providers and the more than 150 venues already available across all major asset classes. In 2018, SuperFeed had reached Asia Pacific (APAC) exchanges, allowing brokerages to get new ways of access to both domestic and global markets. It has added all the major futures and options markets within the region, specifically the ASX24, Hong Kong Exchange, National Stock Exchange of India, Osaka Stock Exchange, and Singapore Stock Exchange, and added more along the way.
SuperFeed includes cryptocurrency market data ever since partnering with CoinMarketCap in 2018. The agreement provides Vela’s institutional client base with widespread coverage of more than 1800 cryptocurrency coins and tokens and will enable broker-dealers, banks and other retail firms access to real-time and accurate cryptocurrency data alongside more traditional market data sources.
CoinMarketCap offers a wide range of specialised data on its website, delivering real-time and accurate coverage for both individuals and retailers. Now with this partnership, it can tap more
individual data sources for most accurate data that are essential for backtesting cryptocurrency portfolio strategies.
The investment will allow Vela’s normalized real-time market data covering North America, EMEA, and APAC, to reach a significant percentage of market participants across the world. The project will also expand the range of data types available beyond real-time and delayed to include end-of-day (EOD) and historical data.
Jen Nayar, Chief Executive Officer at Vela, commented: “As one of the few remaining independent providers of low-latency market data services, we are uniquely placed to deliver a comprehensive solution encompassing content, capabilities, and access.” Adding, “We recognize the growing value being placed on data within the financial services sector and are committed to investing in high-quality products that support our clients’ global requirements.”
Vela’s market data strategy includes its recently-announced partnership with Enyx to integrate its FPGA ultra-low latency technology with Vela’s market data appliance. This allows Vela’s
existing and future feed handler clients to leverage the improved performance of Enyx’s FPGA-powered solutions without the need for further integration effort as it is provided through Vela’s existing API that already supports over 250 venues.
In April, Vela announced the latest expansion of its Direct Market Access (DMA) platform in the Asia Pacific region, now available in the Japan Exchange Group (JPX) site in Tokyo.