Beeks has taken space within Singapore Exchange’s (SGX) own colocation facility in order to provide cloud services and access to market data for clients wishing to carry out automated trading in assets on the Singapore Exchange. As Asia’s most international, multi-asset exchange, Beeks’ space in SGX will allow our customers greater access to trading within equities, fixed income and derivatives asset classes. The data centre will be connected directly via fibre to Beeks’ Tokyo, Hong Kong and London locations, providing the ability for ultra-low latency trading between the locations.
Singapore Exchange is Asia’s leading and trusted market infrastructure, operating equity, fixed income, and derivatives markets to the highest regulatory standards. SGX is the world’s most liquid offshore market for the benchmark equity indices of China, India, Japan, and ASEAN, and offers commodities and currency derivatives products.
This is Beeks’ first point of presence in Singapore, and will be going live with an anchor tenant from day one.
The Singapore data centre infrastructure and connectivity packages are available on 30 day commitments via the Beeks Marketplace.
Gordon McArthur, CEO of Beeks Financial Cloud, commented, “Singapore is a key trading hub and we have received substantial demand from our institutional clients for us to open a location here to facilitate low latency trading. Expansion into new geographies is a key part of our growth strategy and I’m pleased to announce our collaboration with SGX as a means of achieving this. 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 geography.”