Delivering execution and market data in the JPX co-location space in Tokyo
Vela, a leading independent provider of trading and market access technology for global multi-asset electronic trading, announced today that its multi award-winning fully-hosted and managed Direct Market Access (DMA) Platform is now available in the Japan Exchange Group (JPX) site in the Tokyo region. With a tier 1 investment bank among one of the first major clients at this co-location space, this access further strengthens Vela’s presence in APAC and is part of its wider expansion plans in the region to enable clients to trade additional markets, locally and globally.
By co-locating in cabinets with premier access to JPX markets, Vela is able to offer ultra-low latency order routing and market data to Osaka Exchange (OSE). With ASX already live on the platform, JPX is the next step in Vela’s global expansion with further points of presence planned in key APAC markets, including SGX and HKEX. The JPX co-located order routing and market data capabilities complements services already provided at key data centers in North America and Europe.
Ryusuke Yokoyama, Senior Executive Officer and CIO at JPX commented, “We are delighted to welcome Vela to our co-location space.” Adding, “Vela, a rapidly growing independent service provider, is providing low latency OSE market data distribution and order entry to users and we hope this expansion improves user convenience and assists smoother trading activities. Vela supports our focus on working with quality partners and we look forward to building upon this relationship.”
Ollie Cadman, Global Head of Product Management and Business Operations at Vela, commented, “Vela is seeing growing demand for execution and market data services within the APAC region, as evidenced by our latest major client going live in the JPX co-location area. Clients are looking to deploy more global trading strategies and seek new opportunities outside of their traditional home markets.” He continued, “Over 70% of the orders placed on the JPX markets is from within their co-location environment and the performance and risk characteristics of our DMA Platform is a perfect fit for clients looking to access the liquidity within this market.”
Vela’s award-winning DMA Platform offers normalized order entry, pre-trade risk, drop copy, full risk management and normalized market data, supported by a strong clearing member ecosystem. This high-performant and scalable platform provides ultra-low latency and fully-normalized access to all the major listed derivatives venues for buy-side and sell-side firms. In addition, the multi-asset DMA platform is supporting a growing number of global trading destinations in the Fixed Income markets.
