Beeks Financial Cloud Group, a leading provider of cloud computing and connectivity solutions for financial markets, today announced it has entered into an agreement with TMX Datalinx, the information services division of TMX Group, the Canada based financial services company which owns and operates exchanges across equities, fixed income, derivatives, and energy markets, including the Toronto Stock Exchange.
The agreement sees Beeks offer its Exchange Cloud® service as TMX Elastic Market Access (TMX EMA) to TMX Datalinx clients (subject to regulatory approval).
Under the terms of the agreement, TMX Datalinx intends to offer co-located Infrastructure-as-a-Service through Beeks' Exchange Cloud® platform, reinforcing the platform’s growing international traction and underlining Beeks' position as a trusted infrastructure partner for capital markets.
TMX EMA, powered by Beeks’ Exchange Cloud®, is a fully managed and configurable infrastructure-as-a-service (IaaS) solution, designed specifically for capital markets environments. TMX Datalinx intends to leverage this service to offer clients a secure, low-latency and scalable hosting solution tailored for high-performance trading and data analytics.
The proposed deployment of TMX EMA will allow TMX Datalinx to provide market participants with access to bare metal compute, dedicated connectivity and on-demand infrastructure, all located within the TMX Datalinx co-location facility. This will create new opportunities for firms to operate in a more agile and cost-effective way, while maintaining the speed and reliability that high performance trading strategies require.
Gordon McArthur, CEO at Beeks Group said: “We are delighted to welcome TMX Datalinx to our growing community of Exchange Cloud users, empowering them to offer clients scalable, secure and low latency compute environments from within their co-location facility.
“TMX Datalinx’s adoption of our solution is a strong endorsement of our ability to meet the unique demands of global financial exchanges. It reflects the growing market appetite for flexible, cloud-based trading infrastructure, opening up new possibilities for how capital markets participants build and deploy trading systems.”
Michelle Tran, President, TMX Datalinx, added: “Our goal is to make accessing Canada’s markets as seamless and efficient as possible, and our planned TMX Elastic Market Access service is a direct response to client demand for more flexible and scalable trading infrastructure. By collaborating with Beeks and utilizing their proven Exchange Cloud platform, we will be able to offer clients a scalable, proximity-based virtual colocation service that connects them to our markets quickly, significantly reducing their deployment time to market.”
