Beeks Financial Cloud Group plc, a financial markets connectivity provider, announced the launch of Beeks Analytics as a Service, a cloud-neutral monitoring solution for the financial markets. The company developed the service using Velocimetrics technology.
In an official announcement today, the company mentioned that Beeks Analytics as a Service provides an opportunity for financial market firms to use powerful network monitoring along with wire-based trade analytics as a cloud-hosted offering.
The financial markets connectivity provider claims that Beeks Analytics as a Service is an industry-first cloud-neutral monitoring solution for the financial markets. The company further added that this is the first product that offers sophisticated analytics to the organisations in the cloud, regardless of who hosts their infrastructure.
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The clients will now have the flexibility of cloud-based analytics without the issue of compromising their data location. Beeks Analytics as a Service will be hosted within Beeks Financial Cloud on dedicated hardware, according to the announcement.
Commenting on the launch, Gordon McArthur, CEO at Beeks Financial Cloud Group, 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 within 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.”
Finance Magnates reported about the acquisition of Velocimetric, a UK-based network monitoring and trade analytics company, by the Beeks Financial Cloud Group earlier this year. The company made its intention very clear with the acquisition to add an analytics offering to its service. Beeks recently expanded its partnership with cloud solution provider, IPC.