3 Oct 2017

OBJECT TRADING (NOW VELA) SELECTS BSO TO ENHANCE ITS DMA PLATFORM FOR MARKET PARTICIPANTS

We’re pleased to share that Direct Market Access provider Object Trading, now part of Vela, has selected BSO to provide low-latency internal connectivity for its data centres.

The move comes as market makers continue to seek reliable access to the world’s 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.

Our independent, secure, inter-site network connectivity enables Vela to ensure that its fully managed, hosted clients continue to receive neutral access to co-located exchanges and away markets.

In addition to the underlying interconnectivity between the eight data centres providing co-located DMA to the world’s largest exchanges, including ICE, CME and Eurex, Vela also benefit from our 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) added:

“To facilitate ever more complex algo trading strategies, interest in DMA platforms continues to hit new heights.

Through BSO helping to manage the DMA platform globally, Vela’s sell and buy-side clients can continue to focus on developing new trading models to generate greater returns.”

Vela, which went live with us in June, continues to lead the market with its independent and trusted DMA platform, which carries over $150 billion in notional value traded daily.

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ABOUT BSO

The company was founded in 2004 and serves the world’s largest financial institutions. BSO is a global pioneering infrastructure and connectivity provider, helping over 600 data-intensive businesses across diverse markets, including financial services, technology, energy, e-commerce, media and others. BSO owns and provides mission-critical infrastructure, including network connectivity, cloud solutions, managed services and hosting, that are specific and dedicated to each customer served.

The company’s network comprises 240+ PoPs across 33 markets, 40+ cloud on-ramps, is integrated with all major public cloud providers and connects to 75+ on-net internet exchanges and 30+ stock exchanges. The team of experts works closely with customers in order to create solutions that meet the detailed and specific needs of their business, providing the latency, resilience and security they need regardless of location.

BSO is headquartered in Ireland, and has 11 offices across the globe, including London, New York, Paris, Dubai, Hong Kong and Singapore. Access our website and find out more information: www.bso.co