South Africa’s JSE deploys managed infrastructure solution by Beeks and IPC
“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.”
Cloud computing specialist Beeks Group and trading solutions provider IPC have announced the deployment of an advanced managed infrastructure as a services (IaaS) solution for the Johannesburg Stock Exchange (JSE), the largest stock exchange in Africa.
With this deployment, JSE can now offer, direct to their own customers, an in-colocation branded experience that can directly mitigate the often-costly challenges faced by clients, such as monitoring, hosting, maintenance, and time-to-market.
Taking advantage of the benefits of a managed service provider and the infrastructure-as-a-service model, JSE can now offer additional capabilities and further choices to its client base.
Private and hybrid computing infrastructure offering
The collaboration between Beeks and IPC has resulted in a private and hybrid computing infrastructure offering, with global availability at premier colocation facilities.
Their end-to-end market solution syndicates market data and trade lifecycle services with a powerful, purpose-built trading infrastructure in key global markets.
The Beeks-IPC joint solution will enable customer deployments within JSE’s own data centers so that the exchange’s clients can utilize all the capabilities of Beeks Exchange Cloud and IPC, including on-demand cloud and analytics capabilities.
Hosting and connectivity solutions for JSE clients colocation needs
Langa Manqele, Head of Equities and Equity Derivatives at Johannesburg Stock Exchange., said: “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.”
Gordon McArthur, CEO at Beeks Group, commented: “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 centre into a profit centre. Beeks Exchange Cloud 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.”
Matt Pilkington, Business Development Manager at IPC Systems, added: “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.”
