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Object Trading Selects BSO to Enhance DMA Platform
Traders Magazine Online News, October 10, 2017
Direct Market Access provider Object Trading, now part of Vela, has selected BSO to provide low-latency internal connectivity for its data centres. The move comes as market makers continue to seek reliable access to the world’s biggest exchanges through direct market access (DMA).
Vela was looking for a cost-efficient way to scale its global DMA platform for customers without compromising latency, availability, service, and neutrality. The independent, secure, inter-site network connectivity provided by BSO enables Vela to ensure that its fully managed, hosted clients continue to receive neutral access to co-located exchanges and away markets.
In addition to the underlying interconnectivity between the eight data centres providing co-located DMA to the world’s largest exchanges, including ICE, CME and Eurex, BSO will also provide network infrastructure management.
Gerry Turner, Global Head of PaaS at Vela, said: “Vela strives to offer our clients comprehensive global market coverage and low-latency technology solutions that support multi-asset classes. Having a dependable global platform is key to serving our clients’ increasing appetite for fully managed DMA services. This is why, in order to scale in line with the demand in our platform, we needed a proven provider like BSO that is reliable and secure.”
Fraser Bell, Chief Revenue Officer (CRO) at BSO added: “To facilitate ever more complex algo trading strategies, interest in DMA platforms continues to hit new heights. Through BSO helping to manage the DMA platform globally, Vela’s sell and buy-side clients can continue to focus on developing new trading models to generate greater returns.”
Vela, which went live with BSO in June, continues to lead the market with its independent and trusted DMA platform, which carries over $150 billion in notional value traded daily.
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