LINWOOD-based Beeks Financial Cloud Group has made its financial technology available to a potentially greater audience after signing up to the Equinix Cloud Exchange.
Beeks’ technology allows financial institutions to execute instantaneous online trades via online platforms that operate in the same way as traditional stock exchanges.
Signing up to Equinix provides the business with a new sales channel, with the platform connecting to large cloud infrastructure such as Amazon Web Services and Microsoft Azure.
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Beeks chief executive Gordon McArthur said the deal would provide customers with “an automated means to access our services”.
It comes after the business achieved a market valuation of £24.5 million after completing its initial public offering on the Alternative Investment Market (AIM) last November.
The business raised £7m via the float, which saw it issue nine million new shares at 50p each.
Existing shareholders sold down five million shares at the same price. Mr MacArthur was by far the company’s largest shareholder prior to the flotation.
While Beeks is headquartered in Scotland the vast majority of its clients are based around the globe.
Around a third of the company’s staff work in Scotland with the remainder working from the US, Austria, Indonesia and Japan.
Having initially focused on the foreign-exchange sector, the company broadened out into futures trading in 2015 after acquiring Chicago-based business VDIware.
That gave Beeks’ customers access to futures exchanges in Chicago, Frankfurt, New York, Tokyo and London.