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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:
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Beeks Financial Cloud Group plc
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Gordon McArthur, CEO
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via Alma
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Fraser McDonald, CFO
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Canaccord Genuity
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+44 (0)20 7523 8000
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Adam James / Alex Orr
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Alma Strategic Communications
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+44(0)20 3405 0205
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Caroline Forde / Joe
Pederzolli
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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.