Through a new, international tech collaboration, the Johannesburg Stock Exchange (JSE) will soon launch Colo 2.0 – an advanced managed infrastructure as a service (IaaS) solution that will provide JSE clients with cloud-based colocation services.
“The launch of Colo 2.0 will further entrench our position as a centre of innovation for financial markets on the African continent. We will provide our clients with leading edge innovative hosting and connectivity solutions for their colocation needs. This collaboration with two global market leaders is paramount to fostering innovation at the JSE,” says Langa Manqele, Head of Equities and Equity Derivatives at JSE.
Clients will gain the ability to access on-demand private cloud computing and low-latency analytics packaged within Colo 2.0; utilising the industry-leading private portal to self-manage and configure infrastructure.
This new solution is a significant aspect of the JSE’s strategy to advance its growth across services, to build the JSE’s already impressive suite of services as the largest stock exchange in Africa. In 2014, the bourse launched its colocation centre, which has allowed clients to place their trading equipment in the JSE’s data centre to enable faster access to all its markets.
“As our business evolves in line with the needs of our clients, we continue to work even more tirelessly to partner to bring them enhanced and speedier services that can enhance and add value to their businesses,” says Manqele.
Colo 2.0 is an international collaboration with Beeks Group, a leading managed cloud computing and analytics provider for global financial markets, and IPC Systems, a leading provider of electronic trading solutions.
Colo 2.0 provides on-demand computing and analytics capabilities, allowing the JSE to provide clients with a cutting-edge IaaS solution with a fully configured, pre-installed environment. The multi-tenant solution reduces Time to Market and Total Cost of Ownership, while offering PTP (precision time protocol) time stamping, improved flexibility and scalability, a built-in analytics server, and a single point of contact for support and invoicing.
“Africa is fast emerging as an influential global player and this is a huge opportunity for Beeks, IPC and the JSE to help drive capital markets innovation and development in Africa. By reducing CapEx spend and operational barriers to entry, our flexible solution allows the JSE to offer a branded cloud service in their own facility, and control that infrastructure easily at scale, turning a cost center into a profit center. Beeks Colo 2.0 derived from an identified demand from global exchanges for a secure muti-client private cloud environment and we are delighted to share that vision with the JSE and look forward to establishing a long-term and successful relationship,” says Gordon McArthur, CEO at Beeks’ Group.
“This is a major development for IPC and the South African marketplace. The customer reception so far has been tremendous. By leveraging our solution, JSE’s clients can reduce time to market, decrease capital expenditure and ease their dependency on working with multiple vendors. As a continent experiencing rapid transformation and one of the fastest expanding economic regions globally, the role of Africa’s capital markets for economic development has never been more critical. IPC is excited to facilitate that potential with JSE and we look forward to sharing our expertise within the 40+ economies of the region,” says Matt Pilkington, Business Development Manager at IPC Systems.
ABOUT THE JSE
The Johannesburg Stock Exchange (JSE) has a well-established history of operating as a marketplace for trading financial products. It is a pioneering, globally-connected exchange group that enables inclusive economic growth through trusted, world-class, socially responsible products, and services for the investor of the future. It offers secure and efficient primary and secondary capital markets across a diverse range of securities, spanning equities, derivatives, and debt markets. It prides itself on being the market of choice for local and international investors looking to gain exposure to leading capital markets on the African continent. The JSE is currently ranked in the Top 20 largest stock exchanges in the world by market capitalisation, and is the largest stock exchange in Africa, having been in operation for 135 years.
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