Beeks Adds London Metal Exchange as New Liquidity Venue
- The announcement comes one month after the firm was granted access to Interxion's London data centre
Beeks Financial Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term Group (Beeks) announced this Monday that it has added the London Metal Exchange (LME) as a new Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term venue. The announcement comes just one month after the firm confirmed it would be connecting to Interxion’s London-based data centre that is itself connected to the LME.
Founded in 2011, Beeks is a low-latency infrastructure-as-a-service (IaaS) provider. For those unfamiliar with this particular piece of tech-speak, that means Beeks provides a high speed, cloud-based trading network to institutional and retail investors. Currently, the firm provides services that enable automated trading in FX, futures, equities, fixed income and cryptocurrency financial products.
Strength to strength
The firm has been extremely successful since its launch less than ten years ago. After enjoying several successful years, the firm joined the London Stock Exchange in November of 2017 in a bid to raise £7 million ($9.33 million) in funding.
Beeks’ current clientele consists of over 150 institutional firms and approximately 6000 virtual-private-service customers. At the start of this year, 30 different FX brokers were using their services in the form of a white-label partnership.
The addition of the LME to the firm’s set of liquidity venues will likely increase demand for their services. This is because the LME is currently the largest market in the world for options and futures contracts in base and other metals.
Discussing the connection to the LME, Gordon McArthur, CEO of Beeks Financial Cloud, said: “Connection to the London Metal Exchange has been driven by demand from our clients looking to participate in the base and other metals futures and options markets. We are pleased that the Beeks service with the LME will create further trading opportunities for our clients.”
Beeks Financial Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term Group (Beeks) announced this Monday that it has added the London Metal Exchange (LME) as a new Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term venue. The announcement comes just one month after the firm confirmed it would be connecting to Interxion’s London-based data centre that is itself connected to the LME.
Founded in 2011, Beeks is a low-latency infrastructure-as-a-service (IaaS) provider. For those unfamiliar with this particular piece of tech-speak, that means Beeks provides a high speed, cloud-based trading network to institutional and retail investors. Currently, the firm provides services that enable automated trading in FX, futures, equities, fixed income and cryptocurrency financial products.
Strength to strength
The firm has been extremely successful since its launch less than ten years ago. After enjoying several successful years, the firm joined the London Stock Exchange in November of 2017 in a bid to raise £7 million ($9.33 million) in funding.
Beeks’ current clientele consists of over 150 institutional firms and approximately 6000 virtual-private-service customers. At the start of this year, 30 different FX brokers were using their services in the form of a white-label partnership.
The addition of the LME to the firm’s set of liquidity venues will likely increase demand for their services. This is because the LME is currently the largest market in the world for options and futures contracts in base and other metals.
Discussing the connection to the LME, Gordon McArthur, CEO of Beeks Financial Cloud, said: “Connection to the London Metal Exchange has been driven by demand from our clients looking to participate in the base and other metals futures and options markets. We are pleased that the Beeks service with the LME will create further trading opportunities for our clients.”