Scots Firm Takes Bite out of Apple To Become World's Largest Low Latency CSP for Automated Trading


A Scotland-based company set up by an ex-IBM employee has bought a New York rival to become the world’s largest low latency cloud provider for algorithmic trading.



A Scotland-based company set up by an ex-IBM employee has bought a New York rival to become the world’s largest low latency cloud provider for algorithmic trading.

BeeksFX VPS – which helps both retail and institutional foreign exchange (forex) traders run automated trades more quickly – has bought rival company Gallant VPS for an undisclosed seven-figure sum.

The deal sees BeeksFX VPS become the world’s largest and leading low latency cloud provider for automated traders.

Set up three years ago by Scots Gordon McArthur and Tony Doleman, BeeksFX VPS has grown from a £60,000 turnover in year one to £2m today. And the company plans to more than double revenue organically to £5m within three years.

CEO Gordon McArthur said: “With the acquisition of Gallant VPS we now count nine of the top-10 foreign exchange (FX) brokers worldwide among our clients. This puts us in a strong position not only to grow the business organically but also to pursue further acquisitions, particularly in the US and Japan.

“When Tony and I set up the business in 2011 I don’t think even in our wildest dreams we thought it would be this successful. We spotted a gap in the market and went for it: faster trades with 100 per cent Virtual Private Server (VPS) uptime and 24/7 global technical support. Today’s news is an important stepping stone to future growth.”

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@BeeksFX, Beeks Financial Cloud is a global low-latency service provider for institutional capital markets, headquartered in the UK. With eleven data centres around the world and low-latency connectivity between sites, Beeks assists institutional clients in trading by reducing barriers to entry and time to market.