Vela adds Eris Exchange to direct market access platform
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Vela adds Eris Exchange to direct market access platform 26 April 2018New York Reporter: Jenna Lomax
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Vela and Eris Exchange (Eris), have expanded Vela’s direct market access (DMA) platform market coverage to include trading connectivity access to Eris swap futures.
The addition of Eris to Vela’s DMA platform is part of an ongoing programme to provide clients with access to fixed income markets.
Eris is also available as a feed handler supported by Vela’s ticker plant, which provides access to venues across multiple regions and asset classes.
Adding Eris to the DMA platform extends access across the Vela stack through its trading, data and risk application programming interface.
Gerry Turner, global head of the DMA platform at Vela, said: “We are very pleased to add Eris to our growing list of trading venues to meet client demands. The addition of the Eris markets further supports our fixed income initiative to help clients increase opportunities across futures, swaps and treasury markets.”
He added: “Our DMA platform is a modular component of the Vela stack and allows our clients to connect to Eris, and other global futures exchanges, through a fully-provisioned market access solution to reduce the costs and complexity of accessing global liquidity.”
Geoff Sharp, managing director and head of sales for Eris Exchange, said: “Enabling our users to connect to our exchange efficiently and cost effectively using Vela’s DMA platform is an important step in making Eris accessible to a wider user base.”
He added: “Having an externally-supported and maintained DMA solution also allows us to focus on our product offering and client coverage.”
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