In a competitive bid, OneChronos has selected Beeks Group, the cloud computing, connectivity and analytics provider for financial markets, to provide high-performance compute and a private environment for its new Alternative Trading System (ATS), which aims to bridge the widening gap between the functionalities of US Equities trading venues and the requirements of traders. OneChronos sought a partner that could enhance its infrastructure capabilities and Beeks Group emerged as the ideal choice to power OneChronos’ innovative Smart Market Technology.
“After a thorough review of the market, we’re thrilled to have successfully outsourced infrastructure to Beeks Group’s high- performance, modern compute capabilities”, says Iris McAtee, Head of Engineering at OneChronos. “Beeks will help us better deliver on the One Chronos value proposition, using high-performance compute to provide differentiated execution and liquidity for our members. Beeks’ flexible architecture and solutions help us develop product and deliver breakthrough smart market matching functionality to our members, faster and cheaper.”
OneChronos’ decision was driven by two key factors: the need for elastic compute in the NY5 colocation data centre, and cost. Beeks Group’s solution, offering powerful analytics and flexible private cloud deployments, effectively met those needs by promising lower operational costs and an ability to provide both burst capacity and eliminate lengthy lead times associated with supply chains, procurement, and infrastructure in colocation.
This collaboration further extends Beeks Group’s reputation in providing global, rapid deployment services using secure and scalable environments, without requiring long-term contracts or commitments. In addition to the ATS, Beeks will also provide analytics to the existing suite of OneChronos solutions, serving both retail and institutional market participants, including Tier 1 Banks.
“It has always been our vision to empower our clients to work with speed and agility,” explains Gordon MacArthur, CEO at Beeks Group. “Having the ability to deliver, deploy, and centralize the compute solution for both physical and cloud deployments is key to delivering a scalable and cost-effective offering.”
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