Johannesburg Stock Exchange expands capabilities of cloud-based solution
The Johannesburg Stock Exchange (JSE) has announced a new phase of strategic collaboration with Beeks. The latter provides cloud computing services and connectivity support to the financial markets. As part of the partnership, the vendor will deploy Beeks’ Exchange Cloud solution at the exchange’s data centre. The move will enhance the functionality of the exchange’s Colo 2.0 product. A key benefit of the new solution is the ability to provide disaster recovery from two locations.
Colo 2.0 features
Colo 2.0 is a managed infrastructure based on Beeks’ Exchange cloud. It is worth noting that IPC, one of the leading e-commerce service providers, participated in creating the latter. This enables the Johannesburg Stock Exchange to offer its customers hosting and connectivity services. The solution provides access to a private cloud and analytics.
The specialists integrated the updated version of the Colo 2.0 service into the data center infrastructure. In this way, the platform aims to increase the operational flexibility of its activities. The industry collaboration with Beeks will help achieve these goals. Its solutions meet the regulatory requirements of financial institutions and guarantee security and convenience for customers.
The benefits of the new version of Colo:
– it gives Beeks’ Exchange Cloud the ability to scale;
– the IaaS structure allows the solution to be hosted directly in data centres;
– this option improves responsiveness to market changes;
– Colo 2.0 improves the efficiency of JSE operations;
– it ensures high performance.
The Johannesburg Stock Exchange launched Colo 2.0 in September 2023. In March 2024, the companies continued to work together on this enhancement in response to strong demand from the financial sector.
A vital benefit of the updated version is greater adaptability to changing market needs. This will enable the exchange to offer a high level of service and competitive terms of cooperation.
Perspectives of the solution
The partnership between Beeks and the JSE points to a growing trend in the use of cloud-based products for financial markets. This has been the case in a number of regions, such as Africa, where digital infrastructure has only been on the rise. The cloud provides infrastructure resilience, which is critical for emerging markets. Beeks’ expertise has given the exchange plenty of opportunities to improve its flexibility in a volatile environment.
The service provider pays particular attention to security. And Beeks’ and the JSE’s solutions ensure that data is protected without compromising performance.
Johannesburg Exchange customers have already seen the benefits of the Colo 2.0 cloud solution. The upgraded version offers an expanded range of services through integration with data centre processes. The exchange’s management is confident that the changes will be appreciated and will increase confidence in the operator.
