The Johannesburg Stock Exchange (JSE) is further enhancing its infrastructure with the support of Beeks Group and IPC to bolster its Colo 2.0 service. The latest development sees Beeks’ Exchange Cloud service extended to a secondary data centre at Teraco, addressing the growing need for dual-location disaster recovery and ensuring the exchange remains resilient and future-ready.
A Journey of Innovation
Beeks, in collaboration with IPC, and the JSE have built a strong relationship over the years, united by a shared commitment to meeting the evolving demands of financial markets. The launch of the JSE’s Colo 2.0 service in September 2023, powered by Beeks’ Exchange Cloud and developed in partnership with IPC, marked a major milestone in this collaboration. Colo 2.0 has become an integral part of the JSE’s operations, offering customers reliable private cloud computing and low-latency analytics, and meeting the evolving needs of financial institutions.
Responding to Market Demands
The success of Colo 2.0 has been clear since its launch, with customer adoption exceeding expectations. As the service grew, so did the need for a secondary solution to enhance redundancy and disaster recovery. The recent expansion into Teraco’s data centre is a direct response to this demand, ensuring that the JSE’s infrastructure remains robust and capable of handling any unforeseen challenges.
Tebalo Tsoaeli, Chief Innovation Officer at the JSE, commented on the expansion: “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.”
A Vision for the Future
The ongoing collaboration between Beeks and IPC reflects a shared vision for the future of financial market infrastructure. The success of Colo 2.0 at the JSE underscores the value of cloud-based solutions in today’s market and exemplifies how their combined expertise supports the evolving needs of exchanges. Both Beeks and IPC are essential to the overall strategy, ensuring that robust and innovative solutions can be swiftly and effectively implemented. This agility has been key to the success at the JSE, and both companies are eager to extend this achievement to other exchanges worldwide.
Gordon McArthur, CEO of Beeks, sees the JSE partnership as a model for the future: “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, in partnership with IPC, is supporting our discussions with other global exchanges, underpinning our confidence in continued momentum.”
A Collaborative Effort
The enhancement of the JSE’s Colo 2.0 service is a result of the strong relationship between Beeks, IPC, and the JSE. From the initial launch to the recent expansion at Teraco, this collaboration demonstrates a joint commitment to providing the infrastructure that financial markets need to succeed.
As financial markets evolve, Beeks and IPC are working closely with the JSE to ensure that its infrastructure remains resilient and adaptable. This collaborative approach ensures that the JSE is well-equipped to maintain its leadership in Africa’s financial markets.
To learn more about the success of Colo 2.0 and hear directly from Beeks, JSE, and IPC, watch our recent webinar where we discuss key insights and future opportunities.
For more information about Beeks and its services, visit beeksgroup.com.
