News Center
Dec 06, 2018

Eurex | Eurex Clearing

Vela to facilitate electronic access to Eurex EnLight

Eurex, Europe’s largest derivatives exchange, and Vela, a global leader in trading and market access technology, have teamed up to facilitate electronic access to Eurex EnLight, the new selective request-for-quote (RfQ) platform, via Vela’s Metro Trading Platform.

This further supports market participants seeking to trade via Eurex EnLight as Vela’s technology solution will be a new alternative to the existing ways of accessing the RfQ platform. 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.

Vela’s Metro is a high-performance trading platform supporting automated, algorithmic, and click trading strategies. It is a complete solution for options pricing, execution, and risk management combined with best-of-breed API extensibility.

“We are very pleased with the new solution as it creates easy and convenient electronic access to Eurex EnLight,” says Randolf Roth, Member of the Eurex Executive Board. “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 commented: “We are delighted to be the first technology provider to deliver custom RfQ tools for Eurex EnLight, enabling request reception, negotiation and trading.” He continued, “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.”

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