JSE has enhanced its Teraco data centre, bolstering its Colo 2.0 offering through an expanded partnership with cloud provider Beeks Group and IPC Systems.
Specifically, Beeks’ Exchange Cloud service is being deployed to the centre to enhance dual location disaster recovery capabilities. The move is in collaboration with e-trading solutions provider IPC.
Tebalo Tsoaeli, chief innovation officer at the JSE, asserted that there has been clear demand for a secondary solution which specifically addresses redundancy and disaster recovery needs.
“Since the launch of Colo 2.0 in September 2023, JSE has seen significant adoption of the Colo 2.0 service by customers […] Through our partnership with Beeks and IPC, JSE seeks to power a truly cloud-based marketplace infrastructure that is modern, hyper-scalable, ultra-resilient, highly performant, and accessible to all market participants.”
Through this move the JSE has enhanced the speed at which it can meet the market and regulatory demands of large financial institutions.
The expansion comes after the successful launch of Colo 2.0 in September 2023.
Gordon McArthur, chief executive of Beeks, said: “Exchange Cloud continues to be a unique offering in the market, and the success of the solution at the JSE is supporting our discussions with other global exchanges, underpinning our confidence in continued momentum.”
Cloud partnerships with major exchanges are a trend which is only increasing in pace, with some of the biggest movers in the space including Google, Amazon Web Services (AWS), and Microsoft.
In addition, regulators globally are continuing to pile the pressure on exchanges to maintain the stability and resilience of the financial markets. Some significant events so far this year has seen major trading disruption events and led to calls from all corners of the capital markets sphere for stronger infrastructure.