Vela, a global multi-asset electronic trading provider, announced on Thursday it has partnered with Eurex, a European derivatives exchange to facilitate electronic access to Eurex EnLight, the new selective request-for-quote (RfQ) platform, through Vela’s Metro Trading Platform.
Vela reported that with this development, market participants can expect further operational efficiencies, regulatory compliance with data reporting tools and best execution, improvements to accessing liquidity, and a reduction in quote response times on the platform. Speaking about the collaboration, Randolf Roth, Member of the Eurex Executive Board, stated:
“We are very pleased with the new solution as it creates easy and convenient electronic access to Eurex EnLight. We will continue to extend Eurex EnLight into the equity derivatives space in the first half of 2019.”
Ollie Cadman, Global Head of Product Management and Business Operations at Vela, went on to add:
“We are delighted to be the first technology provider to deliver custom RfQ tools for Eurex EnLight, enabling request reception, negotiation and trading. The addition of Eurex EnLight connectivity to Metro provides clients with a streamlined approach to access this new platform. We look forward to continue working with Eurex to deliver innovative solutions that simplify electronic trading.”