Beeks wins MEMX contract following competitive review

GLASGOW, Scotland - June 28, 2021 - PRLog -- New Members Exchange (MEMX) select Beeks for latency monitoring after review of packet capture, latency and analytics solutions for Capital Markets.

"We're delighted to have successfully implemented the Beeks solution as core part of our performance analytics technology stack," said Dominick Paniscotti, MEMX CTO. "Beeks's flexible architecture and solution provided us the ability to handle our required data rates, including microbursts, with scale to support our growth projections. The team provided us with the ability to capture the traffic on our systems with zero data loss, along with analysis tools that supported our core engineering effort to achieve a fast, deterministic and fair experience for our clients. Their unique approach offered us the ability to deploy on our own hardware, allowing full control managing the architecture and scaling the solution to meet our performance and capacity objectives. As a client-focused firm, MEMX prides itself in its ability to make new and improved technology and features available quickly and reliably. The combination of automated market data detection and Advanced Configurable Decoder (ACD) technology helped MEMX rapidly deploy internal platform and protocol updates during the initial launch, as well as monitor and tune the performance of the 'away-market' feeds used in our pricing engine. ACD, which takes XML as an input, eliminates the need for a software development and release cycle resulting in shorter time to market."

During the evaluation, MEMX focused on two key areas; high fidelity data capture and ability to provide insights of functions critical to the technology stack - drivers of platform scale and need to meet current and future demands of the business. As a new technology-driven stock exchange, MEMX had no legacy systems to integrate or pre-conceived bias towards any particular solution, providing freedom to choose the latency-monitoring provider that best matched their requirements.

"Having the ability to deliver, deploy, and centralise the analysis solution for both physical and cloud-based deployments is key to delivering a scalable, cost-effective offering," Gordon MacArthur, Beeks CEO, "allowing for a solution where data is captured at one, or more locations, and sent to a central location for comprehensive analysis, future proofing the solution stack. As an innovative technology company, MEMX takes the architecture and design of its systems very seriously, demanding the same from its partners. Beeks deliver a flexible architecture to MEMX as our solution de-couples software from any prescribed hardware, separating the capture and analysis functions,"

MEMX
Founded in 2019 by diverse members of the global financial community, MEMX is an innovative, customer-centric market operator, focused on creating and promoting a fair, transparent, and efficient experience for all investors. MEMX offers a new option to investors, a simpler platform and features to benefit both retail and institutional investors. Visit https://memx.com/ and follow @memxtrading.