Beeks and Deltix Partner Up For Crypto Connectivity
The Beeks Financial Cloud Group Plc, which works as a low latency IaaS (infrastructure as a service) provider to financial markets, has recently decided to announce a partnership with CryptoCortex, the crypto platform of Deltix, which was founded in 2005.
CryptoCortex is a provider for automated trading solutions. It also works with futures, equities, FX and cryptos. Both companies decided to make a partnership to improve their businesses across the financial industry.
While Deltix has more than 10 years of existence, the company entered the crypto market in 2015 when it decided to launch CryptoCortex, which is connected to more than 15 exchanges today. The platform is focused on offering to the users’ data analytics and risk management.
There are three versions of the platform and each one of them is focused on a certain aspect of the financial market. The platform is focused on buy-side trading firms while the other one is for brokers and dealers. Finally, there is the third one, which was created for exchanges. All the services use Smart Order Routing and have offer execution strategies, as well as back-testing capabilities.
About The Partnership
Beeks has already ventured into the crypto space before this latest partnership with CryptoCortex. During March, the company announced a deal with Gemini, an exchange based in New York that already worked with cryptos. This deal had Beeks providing connectivity for Gemini by offerings its cloud services to the exchange.
Gemini is a heavily regulated company and the trade was that the clients from the other company were able to buy Bitcoin and Ethereum there and thus trade in a more secure environment.
The commercial director of the Beeks Financial Cloud, Des Peck, has told the media that Deltix has been using Beeks for years to host multiple Forex venues and that now that the crypto trade has been on the rise, the company will use the connections from CryptoCortex to offer crypto exchange possibilities for their own clients.