Beeks Financial Cloud Group Plc, a low-latency Infrastructure-as-a-Service (IaaS) provider for financial markets, announced this Monday that it is now hosting Deltix’s CryptoCortex platform, which provides access to cryptocurrency exchanges.
Founded in 2005, Deltix is a provider of automated trading solutions to firms across the financial industry. The firm also provides algorithmic execution services for equities, futures, options, FX, and cryptocurrencies.
Deltix’s foray into the cryptocurrency market began in earnest with the launch of CryptoCortex in 2015. With connections to more than 15 cryptocurrency exchanges, CryptoCortex provides users with an array of data analytics and risk management capabilities.
Currently, there are three different versions of CryptoCortex. One is for buy-side trading firms, another is for broker/dealers, and the third is for exchanges. Despite their different end-users, each service offers execution strategies, Smart Order Routing, and back-testing capabilities.
The partnership with Deltix is not Beeks’ first foray into the cryptocurrency space. The low-latency IaaS provider announced a similar deal with Gemini, the New York-based cryptocurrency exchange, this March.
That deal saw Beeks providing direct connectivity to Gemini via its cloud service. As Gemini is heavily regulated, clients of the service can trade Bitcoin and Ethereum in a more secure environment.
Des Peck, Commercial Director at Beeks Financial Cloud, commented on the deal, saying: “Our client, Deltix, has been using Beeks for years to host and access multiple Forex venues. Cryptocurrency trading across Crypto Exchanges is accelerating, with Forex clients in the vanguard. We are delighted that our customers will be able to use Deltix Lab’s CryptoCortex to access a wide range of Crypto Exchanges.”