London Metal Exchange is the futures exchange with the world’s largest market in options and futures contracts on base and other metals, with the majority of all non-ferrous metal futures business being transacted on its platforms. In 2017, trading volumes reached $12.7 trillion notional, 3.5 billion tonnes and over 157 million lots. Founded in 1877, the commodities exchange is now a member of HKEX Group.
Beeks Financial Cloud Group Plc, a UK-based low-latency Infrastructure-as-a-Service (IaaS) provider for automated trading in Forex, Futures, Equities, Fixed income and Cryptocurrency financial products, has added the London Metal Exchange (LME) as its most recent Liquidity Venue.
The company connects to circa 180 destinations directly from its cloud to and it has now linked to the LME via the cross-connect infrastructure within the LME’s data center. The London Metal Exchange is the world’s largest market in options and futures contracts on base and other metals, and can now be accessed by Beeks’ customers located in the same data center. LME is accessible through Equinix LD4/5 and Interxion LON1 data centers.
Beeks’ cross-connection at LON1 provides access to liquidity from LME, Trading Technologies, and Vela Trading. The LD4/5 data center connects to 46 liquidity venues, including ANZ, Avelacom, AxeTrading, BATS, CFH Clearing, EBS, FastMatch, FlexTrade, FxPro, FXSpotStream, Gain GTX, LMAX, oneZero Financial, PrimeXM, QuantHouse, SaxoBank, SmartTrade, Sucden Financial, and now LME.
Gordon McArthur, Chief Executive Officer of Beeks Financial Cloud, said:
“Connection to the London Metal Exchange has been driven by demand from our clients looking to participate in the base and other metals futures and options markets. We are delighted to have the LME connected to the Beeks Financial Cloud, where we offer technology and broker-neutral connectivity within major data centers to key liquidity venues. We are pleased that the Beeks service with the LME will create further trading opportunities for our clients.”
Beeks is headquartered in Glasgow, Scotland, and has offices in New Jersey, Tokyo, and Indonesia. Its growth in a very short space of time included onboarding and retaining some high profile clients and forging excellent corporate relationships from prop shops to Tier1 banking institutions. In April, the company appointed Des Peck as its new Commercial Director.
Beeks Financial Cloud provides low-latency connectivity services to liquidity venues in eleven data centers globally, using direct fiber links in their data center locations to major Brokers/LP’S and Bridge providers to provide customers with sub-millisecond latency solutions. The company’s financial cloud operates out of 9 Datacentres globally. Its activities reduce barriers to entry and time to market for institutional clients.