CFH Clearing, an interbank prime of prime liquidity provider, has launched a new strategic partnership with Beeks Financial Cloud to help promote broker connectivity in Asia, according to a company statement.
Beeks Financial Cloud is a low-latency service provider for institutional capital markets. The group’s operational prowess in the region will aim to help CFH Clearing enhance its liquidity offering through the deployment of reduced latency and more stable connectivity to some of the world’s leading data centers.
Per the latest partnership, CFH Clearing will set up a Point of Presence (POP) in HK1 in Hong Kong, thereby strengthening the connectivity in Asia via the use of fibres in Equinix data centers – this includes connectivity between London (LD4) or New York (NY4), and HK1. The move also builds off existing infrastructural upgrades from CFH Clearing as it looks to expand into Hong Kong, one of the fastest growing markets.
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According to Lars Holst, Chief Executive Officer of CFH Clearing, in a recent statement on the partnership: “With our strong infrastructure in China and Japan, we believe CFH is the market leader in terms of the connectivity in Asia. Having a Point of Presence in HK1 in Hong Kong is the next natural step for us.”
“Beeks has an excellent track record in providing reliable, low latency solutions and a strong understanding of the Asian market. They are an ideal partner for us as we continue to invest and grow,” he added.
“We’re excited to expand CFH’s low latency connectivity and provide cloud services to their clients. Having a Point of Presence in HK1 will enable clients to have direct connectivity to Hong Kong and low-latency fibres back to LD4, NY4, and TY3,” noted Victor Hendrix, Global Director of Sales & Marketing at Beeks Financial Cloud in an accompanying statement.