Direct Market Access provider Object Trading, now part of Vela, has selected BSO to provide low-latency internal connectivity for its datacentres. The move comes as market makers continue to seek reliable access to the worlds 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 thatitsfully managed, hosted clients continue to receive neutral access to co-located exchanges andawaymarkets.
In addition to the underlying interconnectivity between the eight datacentresproviding co-located DMA to the worlds largest exchanges, including ICE,CMEand 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 complexalgotrading strategies, interest in DMA platforms continues to hit new heights. Through BSO helping to manage the DMA platform globally, Velas 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.
