Business
Exchange Cloud Contract Approval
Exchange Cloud Contract Approval.
About this update from Beeks Financial Cloud Group Plc
[{"type":"text","content":"\n\nBeeks Financial Cloud Group plc\n(\"Beeks\" or the \"Company\")\nExchange Cloud Contract Approval\nBeeks receives regulatory approval for Exchange Cloud at one of the largest exchange groups globally\n14 August 2024 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, is pleased to confirm that the conditional contract with one of the largest exchange groups globally (the \"Exchange\"), announced on 6 February 2024, has now received regulatory approval.\nFollowing receipt of regulatory clearance, the deployment of services and recognition of revenue has commenced. A further announcement will be made by both the Company and the Exchange when the full platform is available for customer deployments in due course. The deal helps further underpin the Board's expectations for FY25 and marks the initial phase of an intended multi-year partnership between Beeks and the Exchange.\nThis 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.\nThe Exchange Cloud pipeline continues to build, with advanced discussions taking place with other major Exchanges across the globe.\nGordon 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.\"\nFor further information please contact:\n\n\n\n\nBeeks Financial Cloud Group plc\n\n\n\n\n\n\n\nGordon McArthur, CEO\n\n\nvia Alma\n\n\n\n\nFraser McDonald, CFO\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCanaccord Genuity\n\n\n+44 (0)20 7523 8000\n\n\n\n\nAdam James / George Grainger\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAlma Strategic Communications\n\n\n+44(0)20 3405 0205\n\n\n\n\nCaroline Forde / Joe Pederzolli/ Emma Thompson\n\n\n\n\n\n\n\n \nAbout ...