Beeks Collaborates with Singapore Exchange to Remove Trade Barriers

Beeks Financial Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term Group plc, a financial markets connectivity provider, announced that it has launched a new service in partnership with the Singapore Exchange (SGX) to remove commercial trade barriers in the country.

In an official announcement, Beeks Group mentioned that the new cloud service will provide an ultra-fast cross-connect and cost-effective solution for connectivity to SGX. Dubbed ‘Co-location as a Service’ (CaaS) collaboration, the cloud service helps market participants to reduce new trading participant time to market.

The newly launched service also allows Beeks Financial Cloud Group to establish direct connectivity from Equinix SG1 into SGX for the first time in order to increase the speed and connectivity between the mentioned locations through a private dark fiber.

Beeks collaborated with SGX in 2018 to establish a Tier-1 rack space within the Singapore Data Center Data Center A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more Read this Term to offer a dedicated server for high-speed connectivity to SGX markets. The partnership allows Beeks Group to offer direct access to the SGX Test Environment and SGX Reach.

The Group recently announced the launch of Beeks analytics as a service to expand its product offering.

Trading Hub

Singapore has been an attractive location for global fintech and financial trading companies due to a clear regulatory environment and extensive demand from local financial firms. Beeks Group aims to attract more financial companies looking for cost-effective trading infrastructure in the region. Commenting on the development, Gordon McArthur, CEO at Beeks, said: “Singapore is a key global trading hub, and we have received substantial demand from our institutional clients to expand low latency trading solutions. Growth throughout APAC is a key part of our growth strategy, and I’m pleased our joint collaboration with SGX is another step to achieving this. This partnership will allow Beeks to better fulfill the requirements of our customers by offering a wider variety of connectivity options, and to attract more financial enterprises looking for cost-effective trading infrastructure in this geography.”