Fenics UST Added to Vela
Vela has added Fenics US Treasuries to its fully-hosted and managed Direct Market Access (DMA) Platform.
Vela's DMA Platform is cross-connected to Fenics' co-location facility in New Jersey.
Ollie Cadman, Chief Product Officer at Vela, commented, "With the levels of automation in the Rates and Credit markets continuing to trend upwards, the addition of Fenics UST products to our DMA Platform provides our clients with ultra-low latency access to U.S. cash and derivatives treasuries data through a single API. Vela is excited to have added Fenics onto our platform as part of our goal to expand our Fixed Income coverage and functionality to help Rates trading desks with price discovery, order routing and workflow automation."