Vela Adds Virtu to SI Data Hub
The technology provider expands systematic internaliser data hub with addition of data from market-making firm Virtu Financial.
The hub aggregates SI data and provides clients with custom SI price feeds through a single API connection. The market data solution is part of Vela’s Mifid II solution suite.
“Integrating Virtu’s disclosed liquidity streams into the Vela SI Data Hub delivers a seamless and cost-effective connectivity solution for clients to access Virtu’s competitive and transparent liquidity across equity and ETF [exchange-traded fund] securities in a Mifid II-compliant environment,” says Christiaan Scholtes, head of markets for Europe, the Middle East and Africa (EMEA) at Virtu Financial, in a statement.
Ollie Cadman, head of EMEA business operations at Vela, says the vendor’s agile feed handler integration process means that as more firms register as SIs, Vela can work with them to become a member of the SI Data Hub and ensure mutual clients receive the data.
Vela is currently integrating data from firms that have already registered as SIs, as well as some that planned to register after the January 3 Mifid II deadline.
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