Renfrew-based Beeks Financial Cloud Group plc has signed a multi-year agreement with the Stock Exchange of Thailand (SET) to deploy its Exchange Cloud® platform across the SET market.
Announcing the deal on 1 September 2026, AIM-listed Beeks (AIM: BKS) said it would deploy Exchange Cloud® to underpin SET’s market infrastructure, “delivering a suite of connectivity market data and co-location services within a single managed environment”.
The service is expected to go live in H1 FY27, with revenue recognition thereafter under a revenue share model, “supporting Beeks’ base of long-term, high-quality recurring revenues”.
Beeks said SET is “one of Southeast Asia’s most established and actively traded capital markets”, and that the decision to deploy Exchange Cloud® reflects “the increasing adoption of on-premise cloud as an exchange’s infrastructure and SET’s ambition to position itself as a technologically advanced trading environment”.
The company said the agreement represents “a significant milestone in expanding Beeks’ footprint in the Asia-Pacific region, establishing Beeks as the partner of choice for major exchanges across multiple target regions”. It marks the eighth exchange to adopt Exchange Cloud®.
Gordon McArthur, CEO of Beeks, said: “This adoption of Exchange Cloud® by the Stock Exchange of Thailand demonstrates the growing global appetite for on-premise cloud as an exchange’s infrastructure. SET is one of Southeast Asia’s most important and dynamic exchanges, and we are proud to be the infrastructure partner they have chosen.
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“The contract expands our presence in the strategically important APAC region, strengthens our forward revenue visibility, and further reinforces the substantial market opportunity for Exchange Cloud®.”
Beeks Group, founded in 2011 and headquartered in Renfrew, is a managed private infrastructure provider for capital markets. It employs over 100 people, with the majority based at its Renfrew HQ.
