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Beeks enters equities automated trading market

Beeks are pleased to announce that we are entering the Equities automated trading market.

Beeks GroupPress and communications
17th Apr 2018

By adding connectivity to IEX, the New York-based US stock exchange, within our NY4 data centre, Beeks’ clients will be able to source and trade US Equities data directly and securely. Beeks is now an approved extranet service provider for IEX market data.

As a result, Beeks can now supply Infrastructure as a Service (IAAS) and connectivity in all three of the key financial asset classes: forex, futures, and equities (not to mention our recent foray into the cryptocurrency market with connectivity to Gemini exchange in New York).

The direct connection will be readily available on the Beeks Marketplace from $100 per month, and, unlike other Exchange offerings, IEX does not charge for market data or connectivity, therefore this agreement offers an enhanced opportunity for Beeks customers in obtaining market data within the Equities space.

“We have been looking to branch out into equities projects for a while now,” commented CEO, Gordon McArthur. “This will provide an avenue through which we can better facilitate our clients by offering connectivity in an additional asset class.”

Founded in 2012, IEX introduced its first trading venue in 2013 and officially launched as a US stock exchange in 2016, with the intention of levelling an uneven playing field in the stock market. IEX aims to build fairer markets by developing innovative and transparent structures that allow people to trade with confidence.

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