FIXI Markets is a multi-asset broker offering high class trading technology support, as well as access to latest market data and deep liquidity. Based in London, FIXI caters to customers on a global scale, placing an emphasis on customised and secure trading experiences tailored to the needs of the individual.
The Problem
Their clients include both retail and institutional clients as well and considering the fact that millions of dollars are at stake, in such cases, and also considering the variety and speed of trades that happen, it was important for such trades to be executed at high speed. The institutional clients mainly use algorithmic trading and many such strategies involve high speed execution of trades. The retail clients, on the other hand, needed to have access to some low-cost infrastructure that would help them to trade anytime that they wanted to, from anywhere around the world.
FIXI were looking to improve clients’ trade execution by moving from Microsoft Azure hosting to dedicated infrastructure across several locations. Additionally, they were seeking high-speed connectivity to several liquidity providers. FIXI aims to provide the best possible service offering to clients, using a sophisticated, low-latency hosting solution.
The Solution
Beeks Financial Cloud is a UK-based, low-latency service provider for institutional capital markets. With eleven data centres globally and low-latency connectivity between sites, Beeks focuses on reducing time to market for clients trading in forex, futures, equities, fixed income and cryptocurrencies. The company was started in 2010 with a view to providing a solution for retail traders to be able to perform reliable automated trading at high speed. After starting off in New York, the company quickly expanded to acquire more centers around the globe.
FIXI selected Beeks to help fulfill their migration from Azure and implement their subsequent MT4 deployment. Beeks provided a dedicated infrastructure setup across a range of locations in their LD4, FR2 and HK1 datacentres, as well as direct low-latency connectivity to selected liquidity providers.
The Result
FIXI Markets’ data was successfully migrated to Beeks’ infrastructure, supporting and running FIXI’s trading operations efficiently and securely. This has allowed FIXI to offer their clients greater capacity of their services with sub-millisecond latencies, improving order execution and reducing slippage, creating more certainty on each trade for clients transacting through FIXI’s broker offering.
Answering a query on why Beeks would be a better solution than Azure, their CEO Gordon McArthur explained that, “Beeks were able to offer Fixi Markets a low latency IAAS platform with direct connectivity to their liquidity providers which took out any internet-based routing and provided sub millisecond connectivity to their LPS’s. The solution was based on pure bare metal cloud servers based in LD4 which gives guaranteed hardware resources for FIXI’s trading servers.”
Further explaining how Beeks were better than their competitors in the same space, which helped FIXI markets to make their decision, Gordon said that, “Beeks offer flexible Infrastructure as a Service solutions to the financial markets with direct connectivity to almost 200 venues from our 11 Global Data Centres. Our infrastructure options allow clients to deploy hundreds of options on infrastructure within 2 hours via a secure web portal and access low latency connectivity to a myriad of venues. The offering is all based on 30-day commitments, offering institutions an unrivaled ability to control a low latency environment in real time.”
ABOUT FIXI MARKETS
A division of FIXI Plc, FIXI Markets was established by multiple, global brokers whose vision was to create a broker based around service and relationships. Catering to global markets, FIXI offers a variety of market-leading platforms including MetaTrader4, MetaTrader5 and Currenex, to meet the preferred requirements of any given client. In addition to exceptional trading support, FIXI offers access to the latest market data and deep liquidity. To learn more about FIXI Markets’ services, visit: www.FIXImarkets.com.
ABOUT BEEKS FINANCIAL CLOUD
Beeks Financial Cloud is a UK-based low-latency Infrastructure-as-a-Service (IaaS) provider for automated trading in Forex, Futures, Equities, Fixed income and cryptocurrency financial products. With eleven data centres globally and low-latency connectivity between sites, the Beeks Financial Cloud focuses on reducing barriers to entry and time to market for institutional clients. In 2017, the company launched an IPO which helped it to raise 7 million pounds, which helped it to grow into other geographies and launch new services. For more information, visit: www.beeksfinancialcloud.com.
