Beeks Financial Cloud Group plc (LON:BKS), a provider of cloud computing and connectivity for the financial markets, today announced a strategic partnership with Securities & Trading Technology (STT), a leader in trading, clearing and surveillance technologies.
This partnership introduces a service-based solution to meet the evolving needs of global financial markets, at a time when efficiency, reliability and scalability of trading and clearing solutions are paramount. By combining Beeks’ cloud financial infrastructure with STT’s trading and clearing systems, clients will benefit from a comprehensive suite of services that will streamline operations, reduce costs and enhance market competitiveness.
With this partnership, the offering will cover all aspects of trading on exchanges, from execution and risk management to surveillance, post-trade clearing and settlement processes. Delivered as a fully managed service, this solution frees financial institutions from the burden of large infrastructure investments and operational costs, allowing them to focus on their core business activities.
This partnership underscores Beeks and STT’s shared commitment to setting new industry standards and delivering value to customers around the world.
Gordon McArthur, CEO of Beeks, commented:
“Our partnership with STT marks an exciting chapter in our mission to innovate the financial services industry. By leveraging our combined expertise, we will provide clients with an optimized, risk-mitigated solution that is poised to transform the way financial institutions operate.”
Zack Hodgson, President of STT, said:
“Joining forces with Beeks represents a pivotal moment in our journey to redefine the financial market landscape. Together, we are poised to deliver a comprehensive state-of-the-art trading and clearing solution, enabling institutions of all sizes to excel in this dynamic environment.”