RCS - Beeks Fin Cloud Grp - Beeks partners with STT

Beeks Financial CloudAnnouncement

05/04/2024 07:00

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RNS Number : 3875J  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                +44 (0)20 7523 8000
 Adam James / Alex Orr

 Alma Strategic Communications    +44(0)20 3405 0205
 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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