The Johannesburg Stock Exchange purchases the Denodo Data Virtualization Platform to enable its new Enterprise Data Access Layer
Denodo Technologies, the leader in data virtualization, today announced that the Johannesburg Stock Exchange (the JSE) has purchased the Denodo Data Virtualization Platform and will deploy it to enable its new project.
The JSE offers secure, efficient primary and secondary capital markets across a diverse range of securities, supported by a range of post-trade and regulatory services. They are the market of choice for local and international investors looking to gain exposure to the leading capital markets in South Africa and the broader African continent. The JSE is currently ranked the 19th largest stock exchange in the world by market capitalisation and is the largest exchange in the African continent.
The JSE has undertaken major technological upgrades over the past few years as part of a consistent drive to improve its service offering. “As part of this ongoing investment the JSE is creating an Enterprise Data Access Layer (EDAL) which will enhance our agility in meeting the changing demands and needs of our business and clients,” said Riaan van Wamelen, CIO at the JSE. "We have selected the Denodo platform for this initiative."
Denodo's Data Virtualization tool will help the JSE to reduce costs and project cycle times by enabling the exchange to access and combine data from multiple heterogeneous sources using business logic and to present information in single views to consumers in various formats.
“The JSE EDAL project is an example of how Data Virtualization can help organizations improve their overall performance and efficiencies in a strategic manner,” said Angel Vina, Founder and CEO, Denodo Technologies. "As the only company committed to helping customers leverage Data Virtualization as an abstraction layer across broad use case patterns, we look forward to helping the JSE to derive great value from their Data Virtualization efforts and to generate a demonstrable ROI.”
The Johannesburg Stock Exchange is based in South Africa where it has operated as a market place for the trading of financial products for 125 years. It connects buyers and sellers in equity, derivative and debt markets. The JSE is one of the top 20 exchanges in the world in terms of market capitalisation and is a member of the World Federation of Exchanges (WFE). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management. www.jse.co.za
Denodo is the leader in data virtualization – providing unmatched performance, unified access to the broadest range of enterprise, big data, cloud and unstructured sources, and the most agile data services provisioning and governance – at less than half the cost of traditional data integration. Denodo’s reference customers in every major industry have gained significant business agility and ROI by creating a unified virtual data layer that serves strategic enterprise-wide information needs for agile BI, big data analytics, web and cloud integration, single-view applications, and SOA data services. Founded in 1999, Denodo is privately held. For more information, visit www.denodo.com or call +1 877 556 2531 / +44 (0) 20 7869 8053.
H+K Strategies South Africa
Tel: +27 11 463 2198