Johannesburg Stock Exchange (JSE) has expanded its partnership with Beeks and IPC System to bolster the exchange’s Colo 2.0 offering with enhanced dual-location disaster recovery capabilities.
JSE’s Colo 2.0 is an advanced managed infrastructure as a service powered by Beeks’ Exchange Cloud, in collaboration with IPC, a leading provider of electronic trading solutions.
A secondary data center for robust infrastructure
The move further opens the door to cloud-based solutions in African financial markets. The JSE will be able to swiftly adapt to changing market conditions, ensuring continuous high performance and resilience.
The South African exchange’s Colo 2.0 provides JSE customers with innovative hosting and connectivity solutions, accessing on-demand private cloud computing and low latency analytics.
Leveraging the agility and scalability of Beeks’ Exchange Cloud, and IPC’s data center presence/fully hosted IaaS data center solutions, the JSE will be able to quickly respond to market demands and regulatory requirements. A secondary data center will ensure JSE’s infrastructure remains robust, resilient, and capable of adapting to the evolving needs of its customers.
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The expansion builds on the successful launch of Colo 2.0 in September 2023 and follows a significant contract extension in March 2024 driven by higher-than-expected demand from the financial sector.
“A truly cloud-based marketplace infrastructure”
Tebalo Tsoaeli, Chief Innovation Officer at the JSE, said: “Since the launch of Colo 2.0 in September 2023, JSE has seen significant adoption of the Colo 2.0 service by customers, demonstrating a clear demand for the product offering. This has resulted in additional demand for a secondary solution aimed at addressing the redundancy and Disaster Recovery requirements of existing 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.
Gordon McArthur, CEO of Beeks, commented: “We are delighted to announce this further expansion with the JSE to meet the growing demand for the Colo 2.0 service from the JSE’s customers. 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.”
