Beeks Financial Cloud Secures Proximity Cloud Contract with FX Broker | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
Beeks Financial Cloud Group announced on Tuesday the signing of a five-year Proximity Cloud contract with a large foreign exchange broker.
The deal is worth £2.1 million in total, with the Scottish financial infrastructure provider continuing to build commercial momentum.
The broker has been a Private Cloud customer of Beeks since September 2025. It is now expanding its use of the company’s infrastructure by migrating to Proximity Cloud, utilising it across multiple locations..
Revenue recognition from the contract is expected to begin within the current financial year.
Proximity Cloud is designed to meet the demanding latency and reliability requirements of institutional trading firms, offering dedicated infrastructure within Beeks’ network of financial exchange proximity locations.
“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,” said Gordon McArthur, Chief Executive of Beeks.
