Beeks Financial Cloud adds Singapore location at SGX

Maria Nikolova

This is Beeks’ first point of presence in Singapore and provides Beeks’ clients with greater access to Asian markets.

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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.”

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