Beeks Launches a new Service in Collaboration SGX

Beeks Financial Cloud Group plc (Beeks), a financial markets connectivity provider, is pleased to announce that it has launched a new service in collaboration with the Singapore Stock Exchange (SGX), Asia's international and multi-asset exchange, to remove commercial trade barriers in the country.

Updated on its official website, Beeks 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 already has Tier-1 rack space within the SGX state-of-the-art colocation facility since June 2018, offering low-latency, virtual private server and bare metal dedicated server for high speed access to SGX markets. The data centre connects Beeks' Tokyo, Hong Kong and London locations directly, providing the ability for ultra-low latency trading between the locations.

In addition to providing cloud services and access to market data for clients wishing to carry out automated trading in assets on the Singapore Exchange, Beeks can now provide direct access to the SGX Test Environment and SGX REACH as well as Titan Matching Engines, by way of ultra-low latency connectivity.

In addition to securing this joint collaboration with the Singapore Exchange SGX, Beeks is committed to increasing their presence in Asia Pacific (APAC) with further data centres.