Beeks launches Analytics as a Service

RNS Number : 3093E

Beeks Financial Cloud Group PLC

05 November 2020

 

RNS Reach

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Beeks launches Analytics as a Service

An industry-first, cloud-neutral monitoring solution for the financial markets.

05 Nov 2020 - Beeks Financial Cloud, a leader in cloud computing, connectivity and analytics for financial services, announces the launch of Beeks Analytics as a Service, the first cloud-neutral network monitoring and trade analytics tool for the financial markets. Using Velocimetrics technology, Beeks Analytics as a Service provides financial market organisations with the ability to consume powerful network monitoring and wire-based trade analytics as a cloud hosted offering.

Financial organisations require sophisticated network monitoring because of the richness of their connectivity requirements, the high volume nature of the market data that they consume, and their need to fully understand the latency profile of their trading platform. Beeks Analytics as a Service is the first product that offers all organisations sophisticated analytics that is available natively in the cloud, regardless of who hosts their infrastructure. Beeks Analytics as a Service is securely hosted on dedicated hardware within the Beeks Financial Cloud, at the same campuses as the infrastructure that clients will be monitoring. Clients gain the flexibility of cloud-based analytics without having to compromise on the location of their data.

Existing Beeks customers will be able to add the sophisticated network monitoring capabilities of Beeks Analytics as a Service to their existing deployments at LD4 or NY4 with just a single click in the Beeks self-service portal. Non-customers, who have their own separate hosting arrangements on the Equinix LD4 and NY4 campuses, will be able to monitor their systems using Beeks Analytics as a Service.

The launch follows the acquisition of Velocimetrics by Beeks earlier in the year and the Company's stated intention to add an analytics offering to its service.

Beeks CEO Gordon McArthur 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 with in 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."

The Analytics as a Service offering will be able to monitor all of the essential financial metrics which clients require, including fine-granularity microburst detection, gap detection, Transmission Control Protocol (TCP) anomaly detection and financial protocol decode and latency measurement. All of this is backed by Precision Time Protocol (PTP) time synchronisation that some financial regulations require, as well as robust access to packet captures. 

For further information please contact:

Beeks Financial Cloud Group plc
Gordon McArthur, CEO	via Alma PR
Fraser McDonald, CFO
Canaccord Genuity	[phone]
Adam James / Angelos Vlatakis
Alma PR	[phone]
Caroline Forde / Helena Bogle / Josh Royston

About Beeks Financial Cloud:

Velocimetrics was acquired by Beeks in April 2020. Beeks is a leading cloud computing, connectivity and analytics provider for financial services.

Our vision is simple: Build. Connect. Analyse. With an international network of eighteen data centres, Beeks provides end to end outsourcing of compute environments by delivering low-latency compute, connectivity and analytics, on-demand.

Our cloud-based Infrastructure-as-a-Service (IaaS) model allows financial organisations the flexibility and agility to deploy and connect to exchanges, trading venues and cloud service providers at a fraction of the cost of building their own networks and infrastructure.

ISO 27001 certified, Beeks supports its global customers at scale exclusively within global capital markets and leading financial centres.

www.beeksgroup.com

 

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