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:
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Beeks Financial Cloud Group plc
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Gordon McArthur, CEO
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via Alma
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Fraser McDonald, CFO
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Canaccord Genuity
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+44 (0)20 7523 8000
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Adam James / George
Grainger
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Alma Strategic Communications
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+44(0)20 3405 0205
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Caroline Forde / Joe Pederzolli /
Emma Thompson
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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
