Capitalead expands access to derivatives markets with Vela’s DMA Platform
Proprietary trading firm Capitalead has expanded its use of Vela’s DMA Platform to access global futures and options markets.
Vela’s DMA Platform offers normalised order entry, pre-trade risk, drop copy, full risk management and normalised market data, supported by a strong clearing member ecosystem. This high-performant and scalable platform provides low latency and fully-normalised access to all the major listed derivatives venues for buy-side and sell-side firms. Vela offers the platform as a fully-hosted and managed solution (as-a-Service), leveraging its existing infrastructure network, exchange connectivity lines, and major points of presence across the globe.
Prior to working with Vela, Capitalead used multiple disparate systems for access to derivatives venues on a per-market basis. By implementing Vela’s DMA Platform for order entry and risk, Capitalead were able to rapidly expand to multiple additional markets, including CurveGlobal, ICE and CME and trade new SONIA and SOFR contracts. Vela’s ecosystem of brokers also ensured a simple and smooth deployment, with a seamless on-boarding of position and pre-trade risk checks.
Binyamin Ben-David, Director at Capitalead, says: “Over the last year, we used Vela’s platform to rapidly expand into new markets. When we conducted our due diligence review of technology providers, we selected Vela because we found their low latency and high-performance DMA Platform was entirely in line with our requirements.” He continued, “Throughout our partnership with them, Vela always provided us with excellent support and services while helping us to gain access to new markets quickly and efficiently and we are delighted to further expand our relationship.”
Rob Lane, Head of Sales, EMEA & APAC at Vela, says: “Proprietary trading firms like Capitalead need to be able to rely on highly-performant, scalable solutions that simplify their access to global markets and liquidity through a broker-neutral platform. With Vela’s DMA platform, Capitalead gets the execution edge they need to compete in the global derivatives markets. Delivered as-a-Service, the platform drastically cuts the time to market and allows our clients to respond quickly to new trading opportunities.” He adds:
“Vela is very pleased to continue supporting Capitalead in accessing multiple venues to trade interest rate derivatives on the SOFR benchmark.”