Beeks Financial Cloud secures Exchange Cloud contract approval
Beeks Financial Cloud Group plc (LON:BKS), a cloud computing and connectivity provider for financial markets, today confirmed that the conditional contract with one of the largest exchange groups globally, announced on 6 February 2024, has now received regulatory approval.
Following receipt of regulatory clearance, the deployment of services and recognition of revenue has commenced.
This deal marks the third international exchange to sign up to Exchange Cloud, Beeks’ multi-home, fully configured and pre-installed physical trading environment fully optimised for global exchanges to offer cloud solutions to their end users. With a proven ability to secure contracts with the world’s largest exchanges, Beeks remains highly confident in fulfilling the product’s transformational potential.
The Exchange Cloud pipeline continues to build, with advanced discussions taking place with other major Exchanges across the globe.
Gordon McArthur, CEO at Beeks, commented:
“We are delighted to receive regulatory approval and commence our project with one of the most renowned exchanges globally. We have already proven the speed with which we are able to launch these significant deployments, and we look forward to nurturing a sustained and successful collaboration with the customer. We remain well-placed to satisfy the strong demand for our solutions.”