Difference between revisions of "Vela"

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{{Infobox_Company  <!-- Feel free to remove comments like this when you add real info -->
 
{{Infobox_Company  <!-- Feel free to remove comments like this when you add real info -->
| company_name = Vela Trading Technologies
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| company_name = Vela  
 
| company_logo =  [[Image:Vela_logo.png{{!}}200px]]
 
| company_logo =  [[Image:Vela_logo.png{{!}}200px]]
| key_people =    Jennifer Nayar, CEO  
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| key_people =    [[Jennifer Nayar]], CEO  
 
| foundation =    1997 (as Wombat Financial Software)  
 
| foundation =    1997 (as Wombat Financial Software)  
 
| location =      New York, NY <!-- Headquarters city, state, country -->
 
| location =      New York, NY <!-- Headquarters city, state, country -->
 
| employees =      <!-- Approx number of employees -->
 
| employees =      <!-- Approx number of employees -->
| products =      <!-- Quick list of types of things company does or produces -->
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| products =      Trading and market access technology provider
| twitter =        <!-- Twitter ID for the company, e.g. JohnLothian, or leave blank -->
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| twitter =        tradevela
| linkedin =      <!-- LinkedIn ID for the company -->
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| linkedin =      vela-trading
 
| stocktwits =    <!-- StockTwits ID for the company, e.g. JohnLothian, or leave blank -->
 
| stocktwits =    <!-- StockTwits ID for the company, e.g. JohnLothian, or leave blank -->
 
| facebook =      <!-- Facebook Page -->
 
| facebook =      <!-- Facebook Page -->
| homepage =      [https://www.velatradingtech.com/ Vela Trading Technologies Homepage]  
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| homepage =      [https://www.tradevela.com/ Vela Homepage]  
| press =          https://www.velatradingtech.com/news-events
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| press =          https://www.tradevela.com/news-events
| blog  =          <!-- Blog site, or leave blank -->
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| blog  =          [https://www.tradevela.com/resources/ Vela Resources]
 
}}
 
}}
  
Vela (formerly SR Labs) is an independent global trading and market data technology company.Headquartered in New York, with offices in Europe and Asia, Vela provides low-latency market data feed handlers, market access gateways, and consolidated market data feeds for access to 60 global exchanges across North America, Asia, and Europe.<ref>{{cite web|url=https://www.velatradingtech.com/about-us/|name=About Us|org=Vela Trading Technologies|date=September 25, 2017}}</ref> 
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Vela is an independent provider of trading and market access technology for global multi-asset electronic trading. It provides software that enables clients to execute on their trading strategies and manage risk across multiple fragmented markets, liquidity pools, and data sources.  
  
Its clients include tier 1 banks, broker dealers, retail trading firms, investment banks, hedge funds, trading technology software providers, and proprietary trading firms. It offers customers a choice between direct and consolidated delivery formats.<ref>{{cite web|url=https://www.velatradingtech.com/products|name=Products and Services|org=Vela|date=June 20, 2017}}</ref>
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Vela’s modular stack is accessed through a single set of trading, data and risk APIs and can be delivered as-a-Service from multiple co-location data centers globally.<ref>{{cite web|url=https://www.tradevela.com/about-us/|name=About Us|org=Vela|date=September 25, 2017}}</ref> 
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With access to more than 200 venues, Vela provides global coverage across all major asset classes. Vela’s clients include traders, market makers, brokers, banks, investment firms, exchanges, and other market participants.<ref>{{cite web|url=https://www.tradevela.com/products|name=Products and Services|org=Vela|date=June 20, 2017}}</ref>
  
 
== History ==
 
== History ==
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In 2008, Wombat was acquired by NYSE in 2008 for $200 million. Six years later, Intercontinental Exchange (by then the parent company of NYSE after acquiring the exchange group in late 2012) would sell Wombat to Street Response Laboratories, more commonly known as SR Labs.<ref>{{cite web|url=https://www.thetradenews.com/Trading-Venues/Exchanges/SR-Labs-acquires-Wombat-from-Intercontinental-Exchange/|name=SR Labs acquires Wombat from Intercontinental Exchange|org=The Trade|date=September 25, 2017}}</ref>
 
In 2008, Wombat was acquired by NYSE in 2008 for $200 million. Six years later, Intercontinental Exchange (by then the parent company of NYSE after acquiring the exchange group in late 2012) would sell Wombat to Street Response Laboratories, more commonly known as SR Labs.<ref>{{cite web|url=https://www.thetradenews.com/Trading-Venues/Exchanges/SR-Labs-acquires-Wombat-from-Intercontinental-Exchange/|name=SR Labs acquires Wombat from Intercontinental Exchange|org=The Trade|date=September 25, 2017}}</ref>
  
As a means of unifying these brands under one roof, SR Labs announced in June 2016 that it would be known as Vela Trading Technologies moving forward.<ref>{{cite web|url=https://www.velatradingtech.com/news-events/article/sr-labs-rebrands-as-vela-trading-technologies|name=SR Labs rebrands as Vela Trading Technologies|org=Vela|date=September 25, 2017}}</ref>  
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As a means of unifying these brands under one roof, SR Labs announced in June 2016 that it would be known as Vela.<ref>{{cite web|url=https://www.tradevela.com/news-events/article/sr-labs-rebrands-as-vela-trading-technologies|name=SR Labs rebrands as Vela Trading Technologies|org=Vela|date=September 25, 2017}}</ref>  
  
 
Continuing with its history of expansion, Vela acquired Chicago-based [[OptionsCity Software]] in June of 2017. OptionsCity now falls under the Vela banner.<ref>{{cite web|url=http://www.businesswire.com/news/home/20170620006337/en/Vela-Expand-Trading-Technology-Capabilities-OptionsCity-Acquisition|name=Vela to Expand Trading Technology Capabilities with OptionsCity Acquisition|org=Vela|date=June 20, 2017}}</ref>
 
Continuing with its history of expansion, Vela acquired Chicago-based [[OptionsCity Software]] in June of 2017. OptionsCity now falls under the Vela banner.<ref>{{cite web|url=http://www.businesswire.com/news/home/20170620006337/en/Vela-Expand-Trading-Technology-Capabilities-OptionsCity-Acquisition|name=Vela to Expand Trading Technology Capabilities with OptionsCity Acquisition|org=Vela|date=June 20, 2017}}</ref>
  
Right on the heels of the OptionsCity deal, Vela announced in July 2017 that it would acquire Object Trading, another provider of direct market access, risk controls and analytics.<ref>{{cite web|url=https://www.velatradingtech.com/news-events/article/vela-to-acquire-object-trading-complementing-acquisition-of-optionscity|name=Vela to acquire Object Trading complementing its recent acquisition of OptionsCity|org=Vela|date=September 25, 2017}}</ref>  
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Right on the heels of the OptionsCity deal, Vela announced in July 2017 that it would acquire Object Trading, another provider of direct market access, risk controls and analytics.<ref>{{cite web|url=https://www.tradevela.com/news-events/article/vela-to-acquire-object-trading-complementing-acquisition-of-optionscity|name=Vela to acquire Object Trading complementing its recent acquisition of OptionsCity|org=Vela|date=September 25, 2017}}</ref>  
  
On July 31 2017, [[Trading Technologies]] filed a complaint against Vela for trademark infringement.<ref>{{cite web|url=https://financefeeds.com/trading-technologies-international-sues-vela-trading-technologies-trademark-infringement/|name=Trading Technologies International sues Vela Trading Technologies over trademark infringement|org=FinanceFeeds|date=September 25, 2017}}</ref>
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On July 31 2017, [[Trading Technologies]] filed a complaint against Vela for trademark infringement, but TT withdrew its lawsuit that November without citing a reason for doing so.<ref>{{cite web|url=https://financefeeds.com/trading-technologies-international-sues-vela-trading-technologies-trademark-infringement/|name=Trading Technologies International sues Vela Trading Technologies over trademark infringement|org=FinanceFeeds|date=September 25, 2017}}</ref><ref>{{cite web|url=https://financefeeds.com/trading-technologies-drops-lawsuit-vela-trading-technologies/|name=Trading Technologies drops lawsuit against Vela Trading Technologies|org=Finance Feeds|date=February 7, 2019}}</ref>
  
 
== Products and Services ==
 
== Products and Services ==
Vela offers market data access, direct feed handling, a consolidated feed, distribution of market data feeds, and European best bid and offer.
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Vela’s ticker plant, execution gateways, trading platform, and risk and analytics software provide ultra-low latency technology for electronic low-touch and Direct Market Access (DMA) execution and pricing.
  
 
== Key People ==
 
== Key People ==
 
* [[Jennifer Nayar]], CEO
 
* [[Jennifer Nayar]], CEO
 
* Aaron Wald, CTO
 
* Aaron Wald, CTO
* Christopher Nagy, CFO
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* Julio Huertas, Global Head of Corporate Finance
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* [[Peggy Sullivan]], Chief of Staff
  
 
== References ==
 
== References ==

Latest revision as of 13:48, 29 May 2019

Vela-dark@2x.png

Vela
Vela logo.png
Founded 1997 (as Wombat Financial Software)
Headquarters New York, NY
Key People Jennifer Nayar, CEO
Products Trading and market access technology provider
Twitter @tradevela
LinkedIn Profile
Website Vela Homepage
Releases Company News
Blog Vela Resources

Vela is an independent provider of trading and market access technology for global multi-asset electronic trading. It provides software that enables clients to execute on their trading strategies and manage risk across multiple fragmented markets, liquidity pools, and data sources.

Vela’s modular stack is accessed through a single set of trading, data and risk APIs and can be delivered as-a-Service from multiple co-location data centers globally.[1]

With access to more than 200 venues, Vela provides global coverage across all major asset classes. Vela’s clients include traders, market makers, brokers, banks, investment firms, exchanges, and other market participants.[2]

History

Vela started out as Wombat Financial Software in 1997. It acquired Harco Technology 10 years later, in January of 2007.[3]

In 2008, Wombat was acquired by NYSE in 2008 for $200 million. Six years later, Intercontinental Exchange (by then the parent company of NYSE after acquiring the exchange group in late 2012) would sell Wombat to Street Response Laboratories, more commonly known as SR Labs.[4]

As a means of unifying these brands under one roof, SR Labs announced in June 2016 that it would be known as Vela.[5]

Continuing with its history of expansion, Vela acquired Chicago-based OptionsCity Software in June of 2017. OptionsCity now falls under the Vela banner.[6]

Right on the heels of the OptionsCity deal, Vela announced in July 2017 that it would acquire Object Trading, another provider of direct market access, risk controls and analytics.[7]

On July 31 2017, Trading Technologies filed a complaint against Vela for trademark infringement, but TT withdrew its lawsuit that November without citing a reason for doing so.[8][9]

Products and Services

Vela’s ticker plant, execution gateways, trading platform, and risk and analytics software provide ultra-low latency technology for electronic low-touch and Direct Market Access (DMA) execution and pricing.

Key People

References

  1. About Us. Vela.
  2. Products and Services. Vela.
  3. Wombat Acquires Harco Technology. BusinessWire.
  4. SR Labs acquires Wombat from Intercontinental Exchange. The Trade.
  5. SR Labs rebrands as Vela Trading Technologies. Vela.
  6. Vela to Expand Trading Technology Capabilities with OptionsCity Acquisition. Vela.
  7. Vela to acquire Object Trading complementing its recent acquisition of OptionsCity. Vela.
  8. Trading Technologies International sues Vela Trading Technologies over trademark infringement. FinanceFeeds.
  9. Trading Technologies drops lawsuit against Vela Trading Technologies. Finance Feeds.