Vela has announced the support of Bitcoin futures. Firms that wish to take advantage of the new Bitcoin futures contracts from Cboe Futures Exchange (CFE) and CME Group Inc. (CME) will be able to receive market data and trading access without delay from launch. Data and trading access to the Nasdaq Bitcoin Futures contracts will also be available on launch in 2018.
As part of an ongoing program of product enhancement, Vela has been monitoring market appetite for new instruments and has been well prepared as the announcements regarding Bitcoin futures have been made by CME, CFE, and most recently by Nasdaq. Vela’s solutions for both data and market access are designed, developed, and built to support the continued growth of clients’ automated trading strategies.
Brian Cassin, Head of Business Development at Vela, commented, “We have been receiving significant interest from clients and the market looking to trade the new Bitcoin futures.” He added, “At Vela, we pride ourselves on being able to stay ahead of market demands and the constantly-changing environment. Our goal is to support our clients’ new trading strategies by helping them reduce time to market and total cost of ownership.”
Robert Ruppert, Senior Vice President of DAW Trading, a division of PhillipCapital, commented, “As one of the first brokers to react to clients’ needs and offer them access to Bitcoin futures trading, we have been working with Vela to ensure that we are ready for trading on day one.”