Beeks Partners with Deltix for Cryptocurrency Connectivity
- The announcement comes just three months after Beeks partnered with cryptocurrency exchange Gemini

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.
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, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent. 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, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent. 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.”
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.
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, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent. 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, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent. 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.”