Kraken lets everyday traders access Wall Street-level trading speeds
Kraken says this offering would not change the infrastructure management game for big firms at traditional colocation setups and will be widely available. Depending on the user's technical requirements, they can choose to rent cloud computing, which they can either book directly from Beeks or install physical trading hardware on-site.
High-frequency traders always concern themselves with latency, which is the speed of execution of any order. The exchange added that the Beeks infra—particularly in close quarters to the data center, such as in London—would reduce latency to a millisecond or less for Kraken traders.
The company said that exact performance increases will differ by region, but Kraken is touting this as a major milestone toward better execution quality and market access.
According to Beeks CEO Gordon McArthur, the partnership provides something akin to "institutional-level" infrastructure for the crypto space. It is said to bring the first such service to both retail and professional levels of operation.
He said, "Our partnership with Kraken is built on shared values of performance, transparency, and trust. With Beeks' Exchange Cloud® already delivering great results in tier 1 equity exchanges, this collaboration is the first of its kind in crypto. We're setting a new benchmark for low-latency, institutional-grade infrastructure that supports Kraken in enhancing access, execution speed, and market fairness for all."
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