Gemini will achieve the reach and scale required by global institutions by joining the Radianz Cloud and will also benefit from a recognized framework by dealing with them.
Gemini, the crypto exchange firm based in New York, has recently announced that it will be joining the BT Radianz Cloud, a connectivity platform established by British Telecommunications for financial firms around the world.
For the record, BT Radianz Cloud is a body of thousands of institutions, brokers, clearing and settlement houses and exchanges. The members can reliably access a multitude of applications and services through a single and secure network connection designed for the challenging demands of the financial markets industry. Approximately 400 providers, significant to the day to day operations of the global financial sector, provide the services through BT Radianz Cloud.
According to reliable reports, Gemini would succeed in tapping its global market reach by joining the Radianz Cloud and will also gain the capability to level with commercial structure used in large institutions. The access to Gemini’s platform will, on the other hand, benefit the existing members of the Radianz Cloud community as it will provide added reassurance of Radianz connectivity.
Nick Vigier, CIO, Gemini, has been reported to say that addition of Radianz Cloud connectivity to the NY5 low latency data center will allow Gemini’s existing institutional customer base to access their FIX interface either through AWS or direct connection. He added that the move strengthens Gemini’s institutional investor connectivity and enables it in the better scaling of its offerings in the space.
Michael Woodman, MD, BT Radianz has been quoted to say that very specific requirements have been presented by global financial institutions when it comes to resilience, performance and security of infrastructure, which makes it challenging for small or new service providers to grow. He said that Gemini will achieve the reach and scale required by global institutions by joining the Radianz Cloud and will also benefit from a recognized framework by dealing with them.
Gemini also won a SOC 2 Type 1 certification earlier this year as it fulfilled the criteria of following strict information security procedures and policies that include security, availability and confidentiality of customer data.