Business
Exchange Cloud win
Exchange Cloud win.
About this update from Beeks Financial Cloud Group Plc
[{"type":"text","content":"\n\nBeeks Financial Cloud Group plc\n(\"Beeks\" or the \"Company\")\nExchange Cloud win\n19 June 2023 - Beeks Group and IPC to Power Customer Private Cloud Deployments for the Johannesburg Stock Exchange (JSE). The collaboration brings world-class IaaS solutions to Africa's largest financial market.\nSecond Exchange customer secured for Exchange Cloud\nFollowing the launch of Exchange Cloud in June 2022, Beeks and its partner, IPC, a leading provider of electronic trading solutions for the global financial markets, announces the signing of a contract with the Johannesburg Stock Exchange (JSE), the largest stock exchange in Africa, to power customer private cloud deployments. 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. \nThe innovative service enables exchanges to become the cloud and seeks to empower the exchange to directly mitigate the often-costly challenges faced by clients, such as monitoring, maintenance, and time to market concerns. Taking advantage of the benefits of a managed service provider and the Infrastructure-as-a-Service model, JSE will be able to offer additional capabilities and further choice to their client base.\nThe project will be delivered from Beeks' existing stock supplies and will have no requirement for cash investment to fulfil the contract.\n \nLanga Manqele, Head of Equities and Equity Derivatives at Johannesburg Stock Exchange, commented: \"\"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\".\nGordon 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 ...