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210.00 3.00 (1.45%)

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Spread: 10.00 (4.878%)

Market Cap: £143.51m

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Beeks wins 'significant' cloud deal with TMX

Mon, 22nd Sep 2025 07:32

(Sharecast News) - AIM-listed Beeks Financial Cloud Group has announced a "significant" customer win with a new exchange cloud partnership with Canadian financial services group TMX.

The agreement, with TMX's information services division TMX Datalinx, will see the latter offer Beeks' Exchange Cloud platform as TMX Elastic Market Access to its clients, subject to regulatory approval.

The infrastructure-as-a-service (IaaS) solution will give TMX Datalinx clients a "secure, low-latency and scalable hosting solution tailored for high-performance trading and data analytics, opening up the solution to TMX Datalinx's large base of financial services customers in Canada and globally", Beeks said in a statement.

The partnership is a revenue share deal, expected to start in early 2026.

"TMX Datalinx's adoption of our solution is a strong endorsement of our ability to meet the unique demands of global financial exchanges," said chief executive Gordon McArthur.

"It reflects the growing market appetite for flexible, cloud-based trading infrastructure, opening up new possibilities for how capital markets participants build and deploy trading systems."