Following the announcement on 13 June 2022 of the launch and first customer for exchange cloud, Beeks can now confirm the customer is ICE Global Network. ICE has signed a multi-year deal with a period of exclusivity, with the collaboration enabling the customer to provide their client base with compute and analytics, on demand.

Gordon McArthur, CEO at Beeks, commented: “Regulatory compliance concerns continue to be the most significant cloud challenge for the financial services sector. We’re delighted to have been working with ICE over the past year to deliver an in-colocation, private cloud deployment for their Capital Markets clients that not only meets those exacting standards, but eliminated some of the risks, making it a lot easier for market participants to add value to their business.

“Beeks technology is a valuable fit for IGN and we look forward to a successful relationship and delivering value via our on demand compute service.

“The success of Proximity Cloud and Exchange Cloud have contributed to a fantastic trading performance in FY22 and we enter the new year with a record sales pipeline and confidence in our ability to continue to capitalise on the significant opportunity ahead.”

Margaret Niche, head of ICE Global Network, commented: “ICE Global Network offers global market participants a high-quality, focused service with access to more than 150 liquidity centres.

“Our work with Beeks now gives these participants the ability to combine IGN’s capabilities with Beeks Group’s virtual compute services and analytics. It provides market participants with a comprehensive solution that offers the flexibility they need to be agile in an ever-changing trading environment.”

Beeks group expects to release its audited final results for the 12 months ended 30 June 2022 in early October.