Beeks to Provide Cloud Solution for ICE
Posted by Colin Lambert. Last updated: September 13, 2022
Beeks Group has launched a new offering combining its on-demand compute service with ICE Global Network’s (IGN) hosting and data access capabilities to offer clients an end-to-end solution. IGN is part of ICE Data Services, a division of Intercontinental Exchange.
The firm says the collaboration provides a pre-integrated solution with security at the forefront. The services will commence at the NY4 data centre with plans to further expand the service in IGN data centres around the world.
“ICE Global Network offers global market participants a high-quality, focused service with access to more than 150 liquidity centres,” says Margaret Niche, head of ICE Global Network. “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.”
Beeks has provided IGN with a white-label solution to offer its clients compute on demand via virtual and dedicated servers as well as Beeks Analytics. Integrated within the Exchange Cloud solution, the analytics will allow users to realise a fine-grained view of network performance and market data within their private environment.
“Regulatory compliance concerns continue to be the most significant cloud challenge for the financial services sector”, says Gordon McArthur, CEO at Beeks. “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.”