REG - Beeks Fin Cloud Grp - Exchange Win

Beeks Financial CloudAnnouncement

18/02/2025 15:00

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RNS Number : 5251X  Beeks Financial Cloud Group PLC  18 February 2025

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Exchange Win

Grupo Bolsa Mexicana de Valores partners with IPC to deploy Beeks
infrastructure, becoming the fourth Exchange customer

18 February 2025 - Beeks Financial Cloud Group plc (AIM: BKS), a private
infrastructure and connectivity provider for financial markets, is delighted
to announce that Grupo Bolsa Mexicana de Valores (BMV), the second-largest
exchange in Latin America, has signed an agreement with IPC to deploy Beeks'
technology infrastructure for co-location. The deployment includes primary and
disaster recovery sites in Mexico City, providing a secure solution to support
BMV's market growth and innovation.

With the launch of this new infrastructure, set to go live in the second half
of 2025, BMV will provide secure and scalable co-location services to its
clients. This will allow clients to host their operations directly on the
platform, eliminating the need for a proprietary site, reducing barriers to
entry for market participants and facilitating their operation in the Mexican
financial markets.

The agreement has been signed with Beeks' partner, IPC, a leading provider of
electronic trading solutions for the global financial markets, marking an
intended multi-year partnership between Beeks, IPC and BMV. Beeks will manage
end-to-end deployment of the infrastructure.

With revenue recognition set to commence at the point of the solution's
delivery, the deal further underpins the Board's FY25 expectations and adds to
the Company's increasing levels of contracted, multi-year, recurring revenue.

BMV is the fourth major international exchange to implement the Beeks
infrastructure, reinforcing Beeks' positioning as a trusted partner for
financial institutions. The Company is confident in fulfilling the offering's
transformational potential, with advanced discussions taking place with other
major Exchanges across the globe.

Jorge Alegría, CEO of Grupo BMV, commented: "This agreement allows us to
deliver cutting-edge technology, with a low-latency infrastructure deployed
locally in Mexico City. We are well-positioned to meet the evolving needs of
our market participants, remain at the forefront of innovation and as a leader
in the region."

Gordon McArthur, CEO at Beeks, commented: "We're proud to partner with BMV and
leverage our established relationship with IPC to deliver cutting-edge
solutions to the financial markets. With four major exchanges now signed up
and more in discussion, we have never been more confident in our ability to
capture the opportunity ahead."

 

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 / George Grainger

 Alma Strategic Communications                    +44(0)20 3405 0205
 Caroline Forde / Joe Pederzolli / Emma Thompson

 

About Beeks

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

The Mexican Stock Exchange with more than 130 years of experience makes it
possible for the securities and derivatives market to operate in Mexico,
through a group of leading companies that offer services in the capital,
derivatives and debt markets, as well as post-trade services, information
products and added value.

To learn more, visit www.bmv.com.mx/en/Grupo_BMV

 

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