Vela to Acquire OptionsCity

Trading and market data technology provider Vela Trading
Technologies has entered into a definitive agreement to acquire OptionsCity
Software, a provider of futures and options trading and analytics solutions. 

Vela says the acquisition will expand its front-office capabilities to include analytics
and risk management tools, enhance its market access managed services with
additional trading and content solutions, and accelerate its data cloud
strategy. The acquisition will also accelerate OptionsCity’s growth strategy,
the firm adds, providing its clients with access to additional asset classes,
trading venues, geographies, low-latency data feeds, and market access
products. 

“The combination of Vela and OptionsCity enables us to
accelerate both companies’ growth strategies, delivering an enhanced suite of
trading and market data technology across multiple asset classes and
geographies,” says Jennifer Nayar, CEO of Vela.
Hazem Dawani, CEO of OptionsCity adds, “Together we will be able to bring
innovative technologies to our existing customers, and expand our solutions
into new client segments, regions, and asset classes. I’m proud of what our
company has achieved and look forward to even greater accomplishments.”

The transaction is subject to customary closing conditions and is expected to
close at the end of Q2 2017.

Colin Lambert

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