Beeks Financial Cloud Group plc (LSE: BKS), a provider of cloud computing and connectivity solutions for financial markets, has confirmed Nasdaq (Nasdaq: NDAQ) as its major Exchange Cloud customer. The service is now operational within Nasdaq's core data centre in Carteret, New Jersey, with customer onboarding set to commence at the end of February 2024.

The agreement allows Nasdaq to leverage Beeks' cloud infrastructure and analytics, providing enhanced access to its thousands of members. The multi-year contract is expected to support Beeks' growth ambitions and underpin its FY25 performance targets. Future expansion opportunities may further enhance the scope of this partnership.

Founded in 2011 and ISO 27001 certified, Beeks specialises in low-latency private cloud solutions tailored for exchanges and trading venues. Listed on the London Stock Exchange, the company operates globally from its headquarters in Renfrew, employing over 100 staff.

Nasdaq, a leading global technology company, offers data, analytics and cloud services to capital markets and other industries, enabling clients to achieve business goals with confidence.