ICE Global Network taps Beeks’ virtual compute services and analytics

Rick Steves

“We’re delighted to have been working with ICE over the past year to deliver an in-colocation, private cloud deployment for their Capital Markets clients that not only meets those exacting standards, but eliminated some of the risks, making it a lot easier for market participants to add value to their business.”

Beeks Group has launched a new offering combining its on-demand compute service with ICE Global Network’s (IGN) hosting and data access capabilities.

IGN can now deliver additional value to their clients with Beeks Group’s Exchange Cloud infrastructure, compute and analytics offering private cloud services at their NY4 data centre in Secaucus, NJ with plans to further expand the service in IGN data centres around the world.

Beeks has provided IGN with a full, white-label solution to offer their clients compute on demand via virtual and dedicated servers as well as Beeks Analytics.

Integrated within the Exchange Cloud solution, Beeks Analytics will help allow IGN clients to realise a fine-grained view of network performance and market data within their private environment.

Beeks’ white label solution meets regulatory standards

Margaret Niche, Head of ICE Global Network, said: “ICE Global Network offers global market participants a high-quality, focused service with access to more than 150 liquidity centres. Our work with Beeks now gives these participants the ability to combine IGN’s capabilities with Beeks Group’s virtual compute services and analytics. It provides market participants with a comprehensive solution that offers the flexibility they need to be agile in an ever-changing trading environment.”

Gordon McArthur, CEO at Beeks, commented: “Regulatory compliance concerns continue to be the most significant cloud challenge for the financial services sector. We’re delighted to have been working with ICE over the past year to deliver an in-colocation, private cloud deployment for their Capital Markets clients that not only meets those exacting standards, but eliminated some of the risks, making it a lot easier for market participants to add value to their business.”

“Beeks technology is a valuable fit for IGN and we look forward to a successful relationship and delivering value via our on demand compute service”.

Beeks Financial Cloud Group provided an update on trading for the year ending 30 June 2022, having seen record trading performance in line with upwardly revised market expectations. Annualised Committed Monthly Recurring Revenue was reportedly over £19.3 million, up by 40% against the prior year.

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