Beeks' Exchange Cloud now live with Nasdaq

22 January 2025 --- Beeks Financial Cloud Group plc (LSE: BKS), a cloud computing and connectivity provider for financial markets, is delighted to confirm that the major Exchange Cloud Customer announced on 6 February 2024 is the Nasdaq Stock Market (Nasdaq), a global technology company serving capital markets and other industries. The service is now live, with customers expected to be on-boarded at the end of February.

Beeks enables the world's major exchanges to become the cloud for their end users. The agreement enables Nasdaq to offer access to cloud infrastructure and analytics to its thousands of members. Utilising Beeks' existing inventory, Exchange Cloud will initially be deployed in Nasdaq's core data centre in Carteret NY11, New Jersey, with the potential for further expansion. Consequently, this material multi-year contract has scope to grow, further supporting the Group's growth aspirations, as well as underpinning the Board's FY25 expectations.

Gordon McArthur, CEO at Beeks, commented: "We are delighted to name Nasdaq, one of the world's leading exchanges, as an Exchange Cloud customer, endorsing the power, scale and capability of the product.

Exchange Cloud represents a significant opportunity for Beeks, as the end-user compute market within exchange data centres is considerable. We remain focused on the conversion of our substantial pipeline of opportunities, with advanced discussions taking place with other major Exchanges across the globe."

Find out more at beeksgroup.com