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.
“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.
