Beeks Financial Cloud Group (AIM:BKS) jumped 15% to 187p after winning a five-year $4.8m Market Edge Intelligence contract with one of the world's largest banks, the company said.
The deal is the first commercial sale of Market Edge Intelligence since its launch earlier in the year and follows a successful proof of concept, with Beeks, a cloud computing and connectivity provider for financial markets, positioning the AI-driven platform for Tier 1 and 2 institutions and offering deployment as part of Beeks Analytics, standalone or alongside existing systems.
"Securing our first Market Edge Intelligence contract with one of the world's largest banks is an important early validation of the offering," said Gordon McArthur, CEO.
Revenue recognition starts now and the company says the five-year agreement has strong expansion potential across the customer's wider trading infrastructure.
