South Africa’s JSE deploys managed infrastructure solution by Beeks and IPC

Rick Steves

“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.”

Read this next

Digital Assets

Bybit exits UK market ahead of regulatory changes

Bybit is suspending its cryptocurrency services for users in the United Kingdom due to impending regulations from the country’s Financial Conduct Authority (FCA).

Digital Assets

Binance argues SEC trampled authority set by Congress

Binance, Binance.US, and Changpeng Zhao have jointly filed to dismiss a lawsuit brought by the Securities and Exchange Commission (SEC) in June.


Oscar Asly replaces Rasha Gad as CEO of M4Markets Dubai

Seychelles-regulated brokerage firm M4Markets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

Retail FX

Capital Index UK reports mitigated loss despite revenue drop

FCA-regulated brokerage firm Capital Index (UK) Limited has released its annual financial report for the year 2022.

Digital Assets

Mike Novogratz’s Galaxy Digital expands in Europe

Galaxy Digital, the New York-based cryptocurrency financial services company founded by Mike Novogratz, is expanding its presence in Europe by appointing Leon Marshall as its first European CEO.

Metaverse Gaming NFT

Turingum Partners with MarketAcross to Drive Web3 Adoption in Global and Japanese Markets

Global blockchain PR leader MarketAcross joins forces with Japanese Web3 specialist Turingum to mutually expand its market reach, aiming to fortify Turingum’s worldwide footprint and MarketAcross’s presence in the lucrative Japanese blockchain landscape.

Digital Assets

Binance to delist all stablecoins in Europe next year

During a public hearing with the European Banking Authority (EBA), an executive from Binance said that the exchange could ultimately delist stablecoins from its European platforms by June 30, 2024.

Industry News

“Unconscionable conduct”: ASIC fines National Australia Bank $2.1m for overcharging customers

NAB faces a $2.1 million penalty for unconscionable conduct, as the Federal Court rules the bank knowingly overcharged customers, and took over two years to rectify the situation.