Beeks Financial Cloud has just announced its newest product to the market which is catering to institutional clients, the Beeks Marketplace. The service aims to be a one stop shop for connectivity services for financial institutions and brokerages. Companies are going to be able to purchase dedicated connectivity lines for a monthly fee on a pure cloud basis model.
The service is aiming to bridge the gap between different regional challenges that companies in the forex and CFDs trading industry are facing. Beeks Financial Cloud is providing its clients, which can be institutional or high-end retail, to get access to nearly 100 venues with direct cross connects which the company has already made.
Clients for example that already have a dedicated server in London can pay for cross connects to different venues such as CFH, EBS or LMAX.
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Beeks Financial Cloud essentially delivers its network to institutions with the company already connected to most of the big banks, trading venues and technology providers. The Beeks Marketplace also offers site to site connectivity. Brokers can have an MT4 server in Tokyo, London and New York, and the solution from the company is available and can be up and running on the same day.
The costs associated with the cross-connect services are much lower than if a company approaches different vendors independently.
Second Phase of Beeks Marketplace to Include 3rd Party Vendors
The second phase of the Beeks Marketplace is the availability of third party solutions. High-end retail traders that are dedicated server clients can also benefit from the new product which Beeks Financial Cloud is targeting at the institutional space.
Commenting on the launch to Finance Magnates, the CEO of Beeks Financial Cloud, Gordon McArthur, said: “Our solution is much quicker to set up than the conventional model of sales of connectivity and dedicated servers. Clients need to call a vendor, get in touch with a sales person, set up a meeting, get a price quote, buy a server, install it and configure it.
“The second phase of out launch is to sell tools and value-added products from third party vendors who are keen to sell their products in our market. We are aiming to convert Beeks Marketplace into a one-stop shop for institutions that need quick access to new services,” he elaborated.