Beeks Financial Cloud enters into partnership with IPC Systems

Maria Nikolova

IPC will act as the preferred vendor for Beeks’ global WAN infrastructure, while Beeks will be the preferred cloud vendor for IPC’s Connexus Infrastructure Services.

Cloud computing and connectivity provider for financial markets Beeks Financial Cloud Group PLC (LON:BKS) today announces a partnership with IPC Systems, Inc. (IPC), a global provider for the financial markets community, delivering secure, compliant communications and networking solutions.

IPC will act as the preferred vendor for Beeks’ global WAN infrastructure, while Beeks will be the preferred cloud vendor for IPC’s Connexus Infrastructure Services, providing infrastructure for IPC’s Connexus Cloud customers. The partnership is set to provide a unique opportunity for customers to benefit from IPC’s market leading network ecosystem and Beeks’ leading financial cloud.

Gordon McArthur, Beeks Financial Cloud CEO, commented:

“Our partnership with IPC for a strategic exchange of services highlights our versatile offering, in supplying solutions to other technology providers that require our capabilities. This collaboration looks to bring advantages to both sides and will consequently bring a more efficient service offering to customers, with a greater range of capabilities.”

In May this year, Beeks said it was growing its portfolio of datacentre locations by deploying in the NY5 New York datacentre of global interconnection and data centre provider Equinix. On top of this, Beeks has extended its current rackspace in Equinix’s LD4 datacentre in London by taking a third cage. With presence in a total of eleven datacentres currently, this move enabled Beeks to continue to increase its offering to customers, supplying the opportunity for further connectivity options to financial exchanges from the new location.

Read this next

Digital Assets

Crypto exchange Bittrex exits US market amid regulatory woes

Bittrex said on Friday it plans to wind down operations in the United States and voluntarily liquidate because of the uncertain regulatory environment surrounding their business.

Institutional FX

Tradeweb completes integration of Nasdaq’s US fixed income platform

Tradeweb Markets has completed the technology integration of Nasdaq’s US fixed income electronic trading platform, formerly known as eSpeed, which it acquired two years ago in a $190 million, all-cash transaction.

Digital Assets

FTX Europe to allow client withdrawals via new website

The Cypriot unit of failed cryptocurrency exchange FTX has launched a new website that it says would allow customers to withdraw deposits of fiat currency and crypto assets after months of suspension.

Retail FX

Liquidators apply to cancel SVS Securities’ FCA license

An update published today by Leonard Curtis said the UK high court of justice has approve their application to bring the special administration of the failed wealth manager SVS Securities to an end.

Digital Assets

Japan forms government panel to pilot digital yen

Japan’s Finance Ministry has created an advisory panel to look at the feasibility of issuing a central bank digital currency, otherwise known as “CBDC”.

Digital Assets

USDC sees massive $10.4 billion outflows in March

Cryptocurrency traders have withdrawn more than $10 billion from the world’s second largest stablecoin, USDC, in less than three weeks even as concerns over the fallout from the Silicon Valley collapse have receded.

Interviews

OSTTRA’s Joanna Davies goes beyond 30-30-30 data standard at FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Joanna Davies about OSTTRA.

Interviews

CloudMargin’s Stuart Connolly on how to manage collateral amid high rates at FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Stuart Connolly about CloudMargin’s SaaS platform, said to be the only cloud-native collateral and margin management system in the industry, at a time of stress due to rising interest rates.

Interviews

Baton Systems’ Alex Knight on solving post-trade with DLT at FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Alex Knight about Baton Systems’ about rising settlement fails, collateral management, and the profile of DLT beyond cryptocurrencies.

<