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Vela, a leading independent provider of trading and market access technology for global multi-asset electronic trading, today announced that it has once again been named Best DMA Offering in the Fund Technology and WSL Awards 2019 for the fourth year.
The Fund Technology and WSL Awards 2019 recognize and reward providers catering to asset managers and institutional traders who have demonstrated a commitment to and delivery of exceptional customer service and innovative product development over the past 12 months.
Vela’s Direct Market Access (DMA) platform offers normalized entry, pre-trade risk, drop copy, full risk management and normalized market data, supported by a strong clearing member ecosystem. This high-performant and scalable platform provides ultra-low latency and fully-normalized access to all the major listed derivatives venues for buy-side and sell-side firms. In addition, the multi-asset DMA platform is supporting a growing number of global trading destinations in the Fixed Income markets.
“We congratulate the team at Vela for once again winning Best DMA Offering,” said Paul McMillan, Fund Intelligence Managing Editor. Adding, “The trading support and technology space is constantly evolving and as this year’s awards have an increased focus on innovation, Vela’s award win in this category is a true testament to the strength of their offering.”
Gerry Turner, Global Head of Platform as a Service at Vela, commented, “We are delighted to be recognized as the Best DMA Offering at the Fund Technology and WSL Awards.” Adding, “Winning this award for the fourth year reflects our commitment to supporting a global client base with a multi-asset, low-touch DMA platform. We had a strong 2018, expanding our coverage in terms of both geography and asset classes. For 2019, we continue to extend our reach with even more venues in APAC and market coverage in Fixed Income. We look forward to another exciting year, delivering innovative products and as-a-Service deployment models so that our clients can focus on their core businesses while adapting to shifts in liquidity and market conditions.”
