Beeks Financial Cloud Group, the Scottish company building trading platforms for global stock markets, has signed a £2.1 million contract with a large foreign exchange broker.
Revenue recognition for the five-year deal is expected to begin in the current financial year.
Having been a private cloud customer since September 2025, the broker is now expanding its use of Beeks’ infrastructure, moving to Proximity Cloud, a high?performance, dedicated and client?owned trading environment, across multiple locations.
Gordon McArthur, CEO of Beeks, said: “This latest win highlights both the strength of our offering and the significant expansion potential across our growing customer base of major financial institutions.
“We continue to see strong momentum across the business and remain focused on converting our considerable and growing pipeline.”
The company’s recent half-year figures showed it slipping to an underlying loss of £0.69m (H1 2025: £1.89m profit). However, it expected “strong profit progression” in the second half as recently secured contracts come through.
The value of new contracts signed in the period were up 23% to £11.9m (H1 FY25: £9.7m).
#Beeks #seals #million #cloud #contract #broker #Daily #Business