Beeks Market Data Packet Capture Services enables exchanges to offer a service where their clients can access nanosecond-accurate packet captures of the exchange’s historical market data. These packet captures provide unparalleled precision and historical insights.
Beeks Market Data Packet Capture Services are built on the Beeks Analytics architecture. Beeks Analytics is a high-performance network observability and packet capture platform designed for financial markets, offering real-time insights, advanced protocol decoding, and flexible deployment options to optimise trading infrastructure and ensure data transparency.
The key architectural goals of both Beeks Market Data Packet Capture Services and Beeks Analytics are as follows:
Open architecture
You can choose to deploy only the components you require—such as packet capture, real-time decoding, or historical analysis—rather than adopting the entire stack. This allows for cost-effective scaling and targeted use for packet capture.
Rich integration options with different time sources and timestamping formats.
Open Scaling
Packet capture volumes — especially at nanosecond resolution — can grow rapidly. A scalable architecture lets exchanges expand their storage, processing, and distribution layers in line with client demand or regulatory requirements, without forklift upgrades.
You can choose to deploy only the components you require—such as packet capture, real-time decoding, or historical analysis—rather than adopting the entire stack. This allows for cost-effective scaling and targeted use for packet capture.
This is particularly useful for adding resilience (e.g. dual-feed capture), extending retention periods, or enabling replay and distribution for more users.
Open consumption
Licencing costs of the solution can grow in step with increases in packet capture volume, retention periods, and breadth/speed of distribution.
Usage is metered by resources such as core count, which aligns costs directly with actual consumption—so you only pay for what you use. If your exchange volumes are forecast to grow, you can buy powerful hardware but only pay for software licences for the capture processing that you initially use.
Open data
All data captured and processed by Beeks Analytics remains accessible to you. The PCAPs are stored on a Linux filesystem, allowing easy scripting to access the files. This open architecture makes tiered storage much easier - Beeks can expand the storage with storage arrays or with file offloads to lower-cost object storage.
If needed, PCAP files can be transformed into structured, time-aligned outputs using the Core Data Feed. This feed exposes decoded and enriched market data, derived directly from the packet captures, in a format suitable for real-time replay, analytics pipelines, or integration into client tools. It enables downstream consumers to work with normalised, protocol-aware views of the data, while still maintaining traceability back to the original packets.
Beeks Market Data Packet Capture Services Overview
