Glasgow-based Beeks Financial Cloud Group said it has entered an agreement with TMX Datalinx, the information services division of TMX Group, the Canada-based firm which operates exchanges across equities, fixed income, derivatives and energy markets, including the Toronto Stock Exchange.

Beeks shares rose as much as 7%.

Beeks is a cloud computing and connectivity provider for financial markets.

“Under the terms of the agreement, TMX Datalinx intends to offer Beeks’ Exchange Cloud platform, the co-located Infrastructure-as-a-Service designed specifically for capital markets environments, as TMX Elastic Market Access (TMX EMA) to its clients, subject to regulatory approval,” said the Glasgow firm.

“Leveraging Beeks’ fully managed and configurable infrastructure-as-a-service (IaaS) solution allows TMX Datalinx to offer clients a secure, low-latency and scalable hosting solution tailored for high-performance trading and data analytics, opening up the solution to TMX Datalinx’s large base of financial services customers in Canada and globally.

“This partnership is a revenue share deal, with revenue recognition expected to commence in early 2026, contributing towards the board’s FY26 expectations and further adding to the company’s high proportion of multi-year, recurring revenue.

“This latest win marks another significant customer to have signed up to Exchange Cloud, demonstrating the building Exchange Cloud momentum and reinforcing Beeks’ position as a leading cloud provider to financial markets.”

Michelle Tran, President, TMX Datalinx, said: “Our goal is to make accessing Canada’s markets as seamless and efficient as possible, and our planned TMX Elastic Market Access service is a direct response to client demand for more flexible and scalable trading infrastructure.

“By collaborating with Beeks and utilizing their proven Exchange Cloud platform, we will be able to offer clients a scalable, proximity-based virtual colocation service that connects them to our markets quickly, significantly reducing their deployment time to market.”

Beeks CEO Gordon McArthur said: “TMX Datalinx’s adoption of our solution is a strong endorsement of our ability to meet the unique demands of global financial exchanges. It reflects the growing market appetite for flexible, cloud-based trading infrastructure, opening up new possibilities for how capital markets participants build and deploy trading systems.”