Vela and IPC Expand Partnership for Market Data
A new partnership will provide IPC clients with access to Vela’s market data solution, SuperFeed, via IPC's ecosystem, Connexus Cloud. It will also enable IPC clients, utilising Connexus Labs, to access an on-demand market data solutions to support trading application testing along with third-party product evaluations.
Vela's SuperFeed is a fully-managed, low-latency market data feed, 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.
IPC's Connexus Cloud platform is a multi-cloud platform for the global financial markets, an ecosystem that interconnects more than 6,600 diverse capital market participants globally. Clients use Connexus Cloud for trade execution, order routing, market data delivery, clearing, settlement and accessing trade lifecycle services.
Ollie Cadman, Chief Product Officer at Vela, said, "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….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."
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… 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."