Beeks partners with STT

Beeks Financial Cloud Group PLC

05 April 2024

 

RNS Reach

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Beeks partners with Securities & Trading Technology

A strategic partnership that is set to reshape the future of exchange trading and clearing services

05 April 2024 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, is pleased to announce a strategic partnership with Securities & Trading Technology (STT), a leader in trading, clearing, and surveillance technology.

This collaboration introduces a service-based solution to meet the evolving needs of the global financial markets, at a time where the efficiency, reliability, and scalability of trading and clearing solutions are paramount. By combining Beeks' financial cloud infrastructure with STT's trading and clearing systems, clients will benefit from a comprehensive suite of services that will streamline operations, reduce costs, and enhance market competitiveness.

With this partnership, the offering will cover all aspects of exchange trading, from execution and risk management to surveillance, post-trade clearing, and settlement processes. Delivered as a fully managed service, this solution liberates financial institutions from the burden of heavy infrastructure investments and operational overhead, allowing them to focus on their core business activities.

This partnership underlines the shared commitment of Beeks and STT to setting new industry standards and delivering value to clients worldwide.

Gordon McArthur, CEO of Beeks, commented: "Our collaboration with STT marks an exciting chapter in our mission to innovate the financial services industry. By leveraging our combined expertise, we will provide clients with a streamlined, risk-mitigated solution that is poised to transform the way financial institutions operate."

Zack Hodgson, Chairman of STT, said: "Joining forces with Beeks represents a pivotal moment in our journey to redefine the financial market landscape. Together, we are set to deliver a complete state-of-the-art exchange trading and clearing solution, enabling institutions of all sizes to excel in this dynamic environment."

For further information please contact:

Beeks Financial Cloud Group plc
Gordon McArthur, CEO	via Alma
Fraser McDonald, CFO
Canaccord Genuity	[phone]
Adam James / Alex Orr
Alma Strategic Communications	[phone]
Caroline Forde / Joe Pederzolli

About Beeks:

Cloud computing is crucial to Capital Markets and finance.

Beeks Group is a leading managed cloud provider exclusively within this fast-moving sector. Our Infrastructure-as-a-Service model is optimised for low-latency private cloud compute, connectivity and analytics, providing the flexibility to deploy and connect to exchanges, trading venues and public cloud for a true hybrid cloud experience.

ISO 27001 certified, we provide world-class security aligned to global security requirements.

Founded in 2011, Beeks Group is listed on the London Stock Exchange (LSE: BKS) and has enjoyed continued growth each year. Beeks Group now employs over 100 team members across the globe with the majority based at our Renfrew HQ.

Find out more at beeksgroup.com

About Securities & Trading Technology (STT):

STT is a trusted, leading provider of financial market software and solutions for businesses worldwide, renowned for its state-of-the-art, flexible, and innovative technology offerings. Its core products cover exchange, trading, surveillance, clearing, depository, risk management and back-office solutions, customised as necessary to meet clients' unique needs. Backed by unparalleled service and ongoing support, STT's dedicated and experienced team is committed to developing products that are easy to use and reliable, empowering its clients in driving their businesses forward.

 

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