Beeks Partners with Deltix for Cryptocurrency Connectivity

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 Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.

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 Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term 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.

Familiar territory

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.”