Beeks adds Singapore location at SGX

RNS Number : 5071S

Beeks Financial Cloud Group PLC

26 June 2018

 

Beeks Financial Cloud Group plc

("Beeks") 

Beeks Financial Cloud adds Singapore location at SGX

Glasgow, June 26, 2018 -- Beeks Financial Cloud Group Plc, a cloud computing and connectivity provider for financial markets, is pleased to announce the addition of Singapore as a new datacentre location.

Beeks has taken space within Singapore Exchange's (SGX) own colocation facility in order to provide cloud and hosting services. This is Beeks' first point of presence in Singapore and provides Beeks' clients with greater access to Asian markets. SGX is Asia's most international, multi-asset exchange, therefore Beeks' space within SGX's colocation facility will allow its customers access to a wide range of trading and market data within equities, fixed income and derivatives asset classes. With direct fibre connectivity to Beeks' Tokyo, Hong Kong and London datacentres, this new location will act as a hub for customers looking for ultra-low latency connectivity options.

Ng Kin Yee, Head of Market Data & Connectivity at SGX, commented: "SGX's colocation facility is the venue of choice for market participants looking to connect to Singapore's fast growing financial trading community. We are pleased to welcome Beeks Financial Cloud to be part of this ecosystem and look forward to them providing more diverse connectivity and diverse solutions for the marketplace."

Gordon McArthur, CEO of Beeks Financial Cloud, commented: "We have been looking to expand our presence in Asian markets and I'm pleased to announce our collaboration with SGX as a means of achieving this. The funds raised by our IPO were aimed specifically at helping us to grow in Asia and therefore this is a step towards this goal. The move will allow Beeks to better fulfil the requirements of our clients by offering a wider variety of locations and connectivity options, and to attract more clients looking for setup in this space."

For further information please contact:

Beeks Financial Cloud Group plc
Gordon McArthur, CEO	via Alma PR
Simon Goulding, CFO
Cenkos Securities plc	[phone]
Derrick Lee / Beth McKiernan
Alma PR	[phone]
Caroline Forde / Josh Royston / Helena Bogle

ABOUT BEEKS FINANCIAL CLOUD

Beeks Financial Cloud is a UK-based low-latency Infrastructure-as-a-Service (IaaS) provider for automated trading in Forex, Futures, Equities, Fixed income and cryptocurrency financial products. With nine data centres globally and low-latency connectivity between sites, the Beeks Financial Cloud focuses on reducing barriers to entry and time to market for institutional clients. For more information, visit: www.beeksfinancialcloud.com.

ABOUT SINGAPORE EXCHANGE

Singapore Exchange (SGX) is Asia's leading and trusted market infrastructure, operating equity, fixed income and derivatives markets to the highest regulatory standards. As Asia's most international, multi-asset exchange, SGX provides listing, trading, clearing, settlement, depository and data services, with about 40% of listed companies and 75% of listed bonds originating outside of Singapore. 

SGX is the world's most liquid offshore market for the benchmark equity indices of China, India, Japan and ASEAN and offers commodities and currency derivatives products. Headquartered in AAA-rated Singapore, SGX is globally recognised for its risk management and clearing capabilities. For more information, please visit www.sgx.com.

 

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