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Exclusive: BeeksFX acquires Chicago futures hosting firm VDIware

Andrew Saks-McLeod, Head of Research and Analysis, ETX Capital

VPS provider BeeksFX has today acquired Chicago based futures company — marking the company’s diversification from its original ethos of providing institutional-style execution to retail traders by implementing a VPS at a location close to an execution venue or datacenter which hosts FX market participants. The company grew its technological prowess by forming Beeks Financial Cloud […]

VPS provider BeeksFX has today acquired Chicago based futures company — marking the company’s diversification from its original ethos of providing institutional-style execution to retail traders by implementing a VPS at a location close to an execution venue or datacenter which hosts FX market participants.

The company grew its technological prowess by forming Beeks Financial Cloud which specializes in the provision of low latency automated trading platforms.

Today, Gordon McArthur, CEO and founder of BeeksFX explained to FinanceFeeds that the company has purchased VDIware which is a firm based in Chicago which specializes in hosting futures.

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“We want to come a cross-asset class provider” explained Mr. McArthur. ” VDIware already had a presence within CME Group and IntercontinentalExchange, so this was a prime opportunity to enter those venues on a multi-asset basis. The acquisition of VDIWare represents our foray into futures and we are looking to become a comprehensive futures FX and equities provider.”

Trading infrastructure of this nature is a vital part of the overall ecosystem, and BeeksFX entry into other asset classes reinforces the dynamic that electronic trading among the retail traders is increasingly becoming diversified into other asset classes.

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