Beeks Financial Cloud Group PLC Beeks launches Analytics as a Service
05 November 2020 - 6:00PM
RNS Non-Regulatory
TIDMBKS
Beeks Financial Cloud Group PLC
05 November 2020
RNS Reach
Beeks Financial Cloud Group plc
("Beeks" or the "Company")
Beeks launches Analytics as a Service
An industry-first, cloud-neutral monitoring solution for the
financial markets.
05 Nov 2020 - Beeks Financial Cloud, a leader in cloud
computing, connectivity and analytics for financial services,
announces the launch of Beeks Analytics as a Service, the first
cloud-neutral network monitoring and trade analytics tool for the
financial markets. Using Velocimetrics technology, Beeks Analytics
as a Service provides financial market organisations with the
ability to consume powerful network monitoring and wire-based trade
analytics as a cloud hosted offering.
Financial organisations require sophisticated network monitoring
because of the richness of their connectivity requirements, the
high volume nature of the market data that they consume, and their
need to fully understand the latency profile of their trading
platform. Beeks Analytics as a Service is the first product that
offers all organisations sophisticated analytics that is available
natively in the cloud, regardless of who hosts their
infrastructure. Beeks Analytics as a Service is securely hosted on
dedicated hardware within the Beeks Financial Cloud, at the same
campuses as the infrastructure that clients will be monitoring.
Clients gain the flexibility of cloud-based analytics without
having to compromise on the location of their data.
Existing Beeks customers will be able to add the sophisticated
network monitoring capabilities of Beeks Analytics as a Service to
their existing deployments at LD4 or NY4 with just a single click
in the Beeks self-service portal. Non-customers, who have their own
separate hosting arrangements on the Equinix LD4 and NY4 campuses,
will be able to monitor their systems using Beeks Analytics as a
Service.
The launch follows the acquisition of Velocimetrics by Beeks
earlier in the year and the Company's stated intention to add an
analytics offering to its service.
Beeks CEO Gordon McArthur said, "Our mission is to make the
cloud work for financial markets. Providing our customers with a
view of their trading performance right the way down to individual
network packets, at microsecond resolution, is a critical element
that financial firms struggle with in the cloud and which Beeks is
now able to offer. We feel there will be strong up-take for this
product across all asset classes, but particularly in the FX
market, where customers need to manage connectivity to large
numbers of different sources of liquidity."
The Analytics as a Service offering will be able to monitor all
of the essential financial metrics which clients require, including
fine-granularity microburst detection, gap detection, Transmission
Control Protocol (TCP) anomaly detection and financial protocol
decode and latency measurement. All of this is backed by Precision
Time Protocol (PTP) time synchronisation that some financial
regulations require, as well as robust access to packet
captures.
For further information please contact:
Beeks Financial Cloud Group plc
Gordon McArthur, CEO via Alma PR
Fraser McDonald, CFO
Canaccord Genuity +44 (0)20 7523 8000
Adam James / Angelos Vlatakis
Alma PR +44(0)20 3405 0212
Caroline Forde / Helena Bogle
/ Josh Royston
About Beeks Financial Cloud:
Velocimetrics was acquired by Beeks in April 2020. Beeks is a
leading cloud computing, connectivity and analytics provider for
financial services.
Our vision is simple: Build. Connect. Analyse. With an
international network of eighteen data centres, Beeks provides end
to end outsourcing of compute environments by delivering
low-latency compute, connectivity and analytics, on-demand.
Our cloud-based Infrastructure-as-a-Service (IaaS) model allows
financial organisations the flexibility and agility to deploy and
connect to exchanges, trading venues and cloud service providers at
a fraction of the cost of building their own networks and
infrastructure.
ISO 27001 certified, Beeks supports its global customers at
scale exclusively within global capital markets and leading
financial centres.
www.beeksgroup.com
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRADGBDBDGGDGGS
(END) Dow Jones Newswires
November 05, 2020 02:00 ET (07:00 GMT)
Beeks Financial Cloud (LSE:BKS)
Historical Stock Chart
From Apr 2024 to May 2024
Beeks Financial Cloud (LSE:BKS)
Historical Stock Chart
From May 2023 to May 2024