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Beeks launches Analytics as a Service

5th Nov 2020

An industry-first, cloud-neutral monitoring solution for the financial markets.

 

Beeks introduces Analytics as a Service to their growing portfolio of services, an exciting new network monitoring and trade analytics tool that uses Velocimetrics technology to provide financial clients with the ability to consume powerful wire-based analytics as a cloud hosted offering.

“Up until today, clients putting in place a network monitoring and analytics solution have needed to wait for hardware to be delivered and configured before they can benefit,” explained Matthew Cretney, Head of Product Management for Beeks, ‘or they have found themselves locked in with one particular hosting provider, taking away their freedom of choice as to how they operate their infrastructure.”

“At Beeks we believe clients should be able to subscribe to these analytics as a hosted service offering, without the delays and complexity that is associated with many on-premises solutions, and without the rolling appliance hardware refresh costs which tie-up internal resources.”

Existing Beeks customers can now add the sophisticated network monitoring capabilities of Beeks Analytics as a Service to their existing deployments at LD4 or NY4 with just a single click in the Beeks self-service portal. In addition, the launch of the service also spreads the benefit of this reduced deployment time beyond the existing Beeks-hosted customer base. In an industry first for financial markets network monitoring, those who have their own separate hosting arrangements within the Equinix LD4 and NY4 campuses, will be able to monitor their systems using Beeks Analytics as a Service.

“We made the decision not to restrict the offering just to Beeks customers.” Matt commented on the decision to make the offering cloud-neutral. “We felt that it was important to offer a neutral monitoring offering in addition to our offering for Beeks customers. Beeks Analytics as a Service is securely hosted on dedicated hardware within Beeks Financial Cloud, at the same campuses as the infrastructure that clients will be monitoring. Clients gain the flexibility of cloud-based analytics without having to compromise on the location of their data.”

“We feel there will be strong take-up for this product in the FX market”, said Gordon McArthur, Beeks CEO, “This is a market where customers need to manage connectivity to large numbers of different sources of liquidity. However, given the data centres where the service is live we also expect to see strong interest from other asset classes.”

The Beeks Analytics as a Service offering monitors all of the essential metrics which financial clients require. The service calculates and reports on all of the important financial markets measurements, including fine-granularity microburst detection, gap detection, Transmission Control Protocol (TCP) anomaly detection and financial protocol decode and latency measurement. All backed by Precision Time Protocol (PTP) time synchronisation that some financial regulations require, as well as robust access to packet captures.

Beeks Analytics as a Service is the first time that this sophisticated analytics has been made available natively in the cloud, regardless of where your infrastructure is hosted.

Where a hosted service is not appropriate, the Beeks Analytics software can be deployed on your own premises with the ability to choose the appropriate solution for your needs – from entry-level packet capture storage and telemetry provided by the stream2Cloud offering, to the rich correlation and multiple data centre deployment that the VMX EndToEnd offering provides.

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