Vela – New York, NY –Vela, a global industry leader in high performance trading and market data technology, has successfully on-boarded its consolidated market data feed, SuperFeed, at Money.Net, one of New York’s fastest growing financial services companies.
Money.Net has integrated SuperFeed’s normalized low-latency content into its market data distribution platform allowing it to grow into other asset classes and will now offer this solution to its ever-expanding global customer base.
Money.Net offers an easily accessible market data platform that empowers investors and traders with real-time information and tools, at a significantly lower cost than other inferior solutions. Among its features, the platform includes professional charting, live breaking market news and integration tools for Excel.
Vela’s SuperFeed provides a unique blend of low-latency consolidated market data delivery and comprehensive market coverage to offer clients an attractive alternative to the industry’s incumbent global data vendors. It also offers clients the benefit of a direct feed with a cost-effective solution to manage increasing data volumes without latency and quality compromises.
Morgan Downey, CEO of Money.Net commented, “We have been delighted with the way that the project to integrate Vela’s SuperFeed has progressed. The Vela team clearly understood our business and technical requirements and the support provided during the proof of concept phase was invaluable.” He added, “We look forward to continuing to work with the team to support our growing requirements into other asset classes and markets to provide an enhanced solution to our clients.”
SuperFeed will power Money.Net’s display terminals, ensuring clients receive high quality and reliable, real-time market data. Along with SuperFeed, Money.Net will leverage Vela’s caching and distribution component to create a state-of-the-art technology solution with a small hardware footprint at a low cost.
Jennifer Nayar, CEO of Vela, said “We are delighted to welcome Money.Net to Vela’s growing roster of prestigious clients using our technology to provide lower and more consistent latency while reducing their development and infrastructure costs.” She continued, “We provide a unique offering with both SuperFeed and our enterprise distribution platform technology, and we are pleased to be part of Money.Net’s growth and ongoing success.”