Financial markets infrastructure provider, Beeks Financial Cloud, has strengthened its connectivity once again. The group has added Singapore as it newest datacentre location, taking space within Singapore Exchange’s (SGX) own colocation facility. The effort will help Beeks expand its cloud and hosting services in Asia.
The Asian market is one of the largest globally and is central to Beeks’ connectivity. Beeks Financial Cloud already has direct fiber connectivity to Tokyo, Hong Kong and London datacenters – the addition of a global hub such as Singapore will act as a new portal for customers seeking ultra-low latency connectivity options.
Gordon McArthur, CEO of Beeks Financial Cloud, commented: “We have been looking to expand our presence in Asian markets and I’m pleased to announce our collaboration with SGX as a means of achieving this. The funds raised by our IPO were aimed specifically at helping us to grow in Asia and therefore this is a step towards this goal.”
Indeed, Beeks’ growing ambitions in Asia are poised to take a leap with the new connectivity. Linking into the datacentre reflects Beeks’ first point of presence in Singapore, allowing for greater access to Asian markets. As one of Asia’s largest and most significant exchanges, SGX, Beeks’ space within SGX’s colocation facility will bestow its growing clients with access to a wide range of trading and market data – this includes equities, fixed income, and derivatives asset classes.
“The move will allow Beeks to better fulfil the requirements of our clients by offering a wider variety of locations and connectivity options, and to attract more clients looking for setup in this space,” explained Mr. McArthur.
“SGX’s colocation facility is the venue of choice for market participants looking to connect to Singapore’s fast growing financial trading community. We are pleased to welcome Beeks Financial Cloud to be part of this ecosystem and look forward to them providing more diverse connectivity and diverse solutions for the marketplace,” reiterated Ng Kin Yee, Head of Market Data & Connectivity at SGX.
The latest efforts follow on the heels of Beeks’ connectivity into the equities automated trading market by launching access to New York-based U.S. Stock Exchange IEX. The infrastructure of the company in the Equinix NY4 datacentre has since allowed clients of the connectivity and cloud hosting provider to source U.S. Equities data straight from the exchange.