Gordon McArthur

The collaboration will see the deployment of an advanced managed Infrastructure-as-a-Service (IaaS) solution for the JSE, called Colo 2.0, which the exchange will be able to offer direct to their own customers. JSE’s clients will be able to utilise all the capabilities of IPC and Beeks Exchange Cloud, including on-demand cloud and analytics capabilities.

The deal will be implemented using Beeks’ existing inventory, thereby eliminating the need for a cash investment.

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, 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 Group’s Exchange Cloud offering 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.”