Beeks launches 'world first' AI capital markets monitoring product

Beeks Financial Cloud announced the launch of ‘Market Edge Intelligence’ on Wednesday, which it claims is the world’s first AI and machine learning solution for passive monitoring of capital markets data directly at the network edge.

The AIM-traded cloud computing and connectivity provider said the product, developed over the past two financial years, would deliver real-time AI analytics and predictive intelligence within colocation facilities.

It said it included features such as predictive alerts, infrastructure anomaly detection, capacity forecasting and real-time trading signal execution, aimed at improving efficiency and reducing costs for tier one and two clients including buy-side firms, brokers, market makers, exchanges and trading venues.

Beeks said Market Edge Intelligence is compatible with major exchange protocols and could be deployed as part of Beeks Analytics, as a standalone system, or integrated with existing tools and APIs.

It said the product had already received positive customer feedback and was expected to expand its total addressable market, create upselling opportunities and open a new recurring revenue stream, adding to its base of contracted multi-year revenues.

“The launch of Market Edge Intelligence is a major milestone for the industry and a great example of how Beeks is using AI to push boundaries and transform market infrastructure,” said chief executive Gordon McArthur.

“The innovation of our products is central to our growth strategy, and this latest launch further secures our position as a leading technology provider for financial markets as we recognise the evolving needs of the trading landscape.”

At 1949 BST, shares in Beeks Financial Cloud Group were up 2.22% at 225.9p.

Reporting by Josh White for Sharecast.com.