Trading and market access technology provider Vela has connected its trading platform to the FIX order gateway at French investment bank BNP Paribas.
The connection means that BNP Paribas’ global clients will gain access to Vela’s Metro trading platform for options pricing, execution and risk management, alongside integration and access to the bank’s FIX order gateway.
“We are delighted that Vela has completed the certification process by connecting Metro to our FIX order gateway,” said John Nunziata, head of electronic execution at BNP Paribas. “We have mutual clients already leveraging this connectivity, and we are looking forward to onboarding new clients to a sophisticated options platform.”
FIX gateway systems allow access to local and international markets, and real-time electric processing of orders across assets between exchanges, brokers and counterparties globally. Vela’s Metro platform supports automated, algorithmic and click trading, with access to all major US and European options markets.
“Metro has been the top choice for options traders for more than 10 years now,” Vela’s chief executive, Jen Nayar, commented. “In addition to our ongoing innovation in technology and staying current with changing market demands, we work closely with major industry participants like BNP Paribas to simplify electronic trading for clients. This integration provides our global clients with the convenience of directing trade flow through BNP Paribas’ gateway.”
Last month, Vela teamed up with crypto data and algorithmic trading specialist CoinRoutes to deploy its smart order router platform in a bid to expand its clients’ access to crypto-asset trading exchanges. The smart order router aims to achieve the best aggregate price across crypto exchanges, and supports both aggressive and passive algorithmic trading strategies.