Vela, a leading independent provider of trading and market access technology for global multi-asset electronic trading, today announced the expansion of its strategic partnership with IPC, a leading global provider of secure, compliant communications and networking solutions for the global financial markets.
The partnership will provide IPC customers with access to Vela’s award-winning market data solution, SuperFeed, via Connexus Cloud, IPC’s flagship financial ecosystem that interconnects more than 6,600 capital market participants across the globe. It will also enable IPC customers, utilizing Connexus Labs, to access an on-demand market data solution to support trading application testing along with third-party product evaluations.
Vela’s SuperFeed is a fully-managed, low-latency market data feed that delivers high-quality, normalized real-time data via a single source with industry-leading levels of performance, availability, and reliability. Offering an exceptional blend of fast delivery and a scalable solution, SuperFeed is designed to simplify and speed up clients’ access to data. The feed provides coverage to over 150 markets and data sources including all major North American and European exchanges and a growing number of Asia-Pacific venues. Vela continues to make significant strategic investment in SuperFeed coverage to expand the range of data types available, beyond real time and delayed, to include end-of-day and historical data solutions offering more flexibility to clients. Vela’s vendor bridge technology eliminates the costs and overheads associated with changing feed providers, enabling a more seamless and rapid migration.
IPC’s award-winning Connexus Cloud platform is an unparalleled multi-cloud platform for the global financial markets, an ecosystem that interconnects more than 6,600 diverse capital market participants across 750 cities in over 60 countries. The world’s top financial institutions rely on Connexus Cloud for trade execution, order routing, market data delivery, clearing, settlement and accessing trade lifecycle services. IPC’s Connexus Labs is a worldwide hosted infrastructure platform that provides testing and evaluation facilitates for fintech firms and innovators to assess how their products, services and applications can be integrated with the IPC product portfolio.
Ollie Cadman, Chief Product Officer at Vela, commented, “We are delighted to expand our partnership and have the strength of IPC as part of our ecosystem connecting SuperFeed to the global financial markets community. Now more than ever, firms are looking to trusted providers and private and public cloud environments to support the growing demand for access to global data sets for business processes such as automation, artificial intelligence and analytics.” He continued, “With IPC’s Connexus Cloud and Connexus Labs, financial institutions can leverage the power of the cloud for market data to support their electronic trading requirements. This partnership is an exciting step forward in our ongoing strategy to expand access to our services through public and private cloud providers.”
Mike Smith, Director of Global Exchange Relations Management at IPC, said, “We are pleased to have Vela’s SuperFeed as a part of our market data content offering, as we continue to provide our secure and compliant managed solutions to cater for all our customers’ unique trading requirements. The SuperFeed market data service complements our Connexus Cloud offering by providing access to multiple market data feeds from a single place, and delivers the additional benefits of a professionally managed infrastructure and support model.”