TIDMBKS
RNS Number : 1167D
Beeks Financial Cloud Group PLC
19 June 2023
Beeks Financial Cloud Group plc
("Beeks" or the "Company")
Exchange Cloud win
19 June 2023 - Beeks Group and IPC to Power Customer Private
Cloud Deployments for the Johannesburg Stock Exchange (JSE). The
collaboration brings world-class IaaS solutions to Africa's largest
financial market.
Second Exchange customer secured for Exchange Cloud
Following the launch of Exchange Cloud in June 2022, Beeks and
its partner, IPC, a leading provider of electronic trading
solutions for the global financial markets, announces the signing
of a contract with the Johannesburg Stock Exchange (JSE), the
largest stock exchange in Africa, to power customer private cloud
deployments. The collaboration will see the deployment of an
advanced managed Infrastructure-as-a-Service (IaaS) solution for
the JSE, called Colo 2.0, which the exchange will be able to offer
direct to their own customers. JSE's clients will be able to
utilise all the capabilities of IPC and Beeks Exchange Cloud,
including on-demand cloud and analytics capabilities.
The innovative service enables exchanges to become the cloud and
seeks to empower the exchange to directly mitigate the often-costly
challenges faced by clients, such as monitoring, maintenance, and
time to market concerns. Taking advantage of the benefits of a
managed service provider and the Infrastructure-as-a-Service model,
JSE will be able to offer additional capabilities and further
choice to their client base.
The project will be delivered from Beeks' existing stock
supplies and will have no requirement for cash investment to fulfil
the contract.
Langa Manqele, Head of Equities and Equity Derivatives at
Johannesburg Stock Exchange, commented: ""The launch of Colo 2.0
will further entrench our position as a centre of innovation for
financial markets on the African continent. We will provide our
clients with leading edge innovative hosting and connectivity
solutions for their colocation needs. This collaboration with two
global market leaders is paramount to fostering innovation at the
JSE".
Gordon McArthur, CEO at Beeks, commented: "Africa is fast
emerging as an influential global player and this is a huge
opportunity for Beeks, IPC and the JSE to help drive capital
markets innovation and development in Africa. By reducing CapEx
spend and operational barriers to entry, our flexible solution
allows the JSE to offer a branded cloud service in their own
facility, and control that infrastructure easily at scale, turning
a cost centre into a profit centre. Beeks Group's Exchange Cloud
offering derived from an identified demand from global exchanges
for a secure muti-client private cloud environment and we are
delighted to share that vision with the JSE and look forward to
establishing a long-term and successful relationship".
This announcement contains inside information for the purposes
of article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of domestic law by virtue of the European Union
(Withdrawal) Act 2018.
For further information please contact:
Beeks Financial Cloud Group plc
Gordon McArthur, CEO via Alma PR
Fraser McDonald, CFO
+44 (0)20 7523
Canaccord Genuity 8000
Adam James / Patrick Dolaghan
Alma PR +44(0)20 3405 0205
Caroline Forde / Hilary Buchanan / Joe Pederzolli
About JSE
The Johannesburg Stock Exchange (JSE) has a well-established
history of operating as a marketplace for trading financial
products. It is a pioneering, globally connected exchange group
that enables inclusive economic growth through trusted,
world-class, socially responsible products, and services for the
investor of the future. It offers secure and efficient primary and
secondary capital markets across a diverse range of securities,
spanning equities, derivatives, and debt markets. It prides itself
as being the market of choice for local and international investors
looking to gain exposure to leading capital markets on the African
continent.
The JSE is currently ranked in the Top 20 largest stock
exchanges in the world by market capitalisation, and is the largest
stock exchange in Africa, having been in operation for 135 years.
As a leading global exchange, the JSE co-creates unlocks value
& makes real connections happen. www.jse.co.za
About Beeks:
Beeks is a leading managed cloud computing and analytics
provider for Capital Markets and financial services. Our vision is
simple: Build. Connect. Analyse.
With a growing international network of data centres, Beeks
provides end-to-end outsourcing of compute environments by
delivering low-latency compute and analytics, on demand. Our
cloud-based Infrastructure-as-a-Service (IaaS) model allows
financial organisations the flexibility and agility to deploy and
connect to exchanges, trading venues and cloud service providers at
a fraction of the cost of building their own networks and
infrastructure.
ISO 27001 certified, Beeks supports its global customers at
scale exclusively within global capital markets and leading
financial centres. beeksgroup.com
About IPC:
A specialist technology and service leader powering global
financial markets for over 50 years, IPC Systems is at the
forefront of electronic trading connectivity and state-of-the-art
cloud communications, setting the standard for exceptional service,
innovation, and expertise.
IPC's customer-first approach is bolstered by an extensive and
diverse financial ecosystem that spans all asset classes and
connects market participants anywhere in the world for enhanced
communication, collaboration, and compliance. Global services
include electronic trading, trading communications, and
infrastructure-as-a-service solutions.
IPC is ideally positioned to anticipate change and remain
aligned with rapidly transforming markets, and to empower customers
to adapt to change, now and in the future.
To learn more, visit www.ipc.com , explore our Insights page and
follow us on LinkedIn .
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