JSE Limited · JSE:JSE
JSE — Investor Presentation (September 2012)
18 slides from JSE's investor presentation, Sep 17, 2012
Slide 1: Colocation: The Lowest Latency Connectivity
COLOCATION The Lowest Latency Connectivity www.jse.co.za www.jse.co.za Copyright© JSE Limited 2009 1
Slide 2: Agenda
Agenda Agenda Agenda Progress to-date Secondary products Colocation ecosystem Associated services Colocation concept Data Centre characteristics Colocation principles Security Benefits Process Latency Measurement Price Initial demand analysis Contacts Primary product www.jse.co.za 2
Slide 3: Progress to-date
Progress to-date Performed extensive Feasibility study for the consultation with colocation offering • Stock exchanges Requirements • JSE’s primary and mirror • Industry experts Analysis data centre analysis • Global data centre • Product and services providers design • International members Consult
Slide 4: The JSE Colocation Ecosystem
The JSE Colocation Ecosystem www.jse.co.za 4
Slide 5: Colocation concept
Colocation concept MATCHING ENGINES GATEWAYS JSE ACCESS NETWORK CONNECTIVITY TO CLIENT OFFICES RISK MANAGEMENT ALGO - EQUITY ALGO – INTEREST RATE ALGO – DERIVATIVES ALGO – COMMODITY ALGO – CURRENCY ALGO – CLIENT OTHERS JSE REGULATORY REQUIREMENTS JSE NETWORK KIT COLO RACK www.jse.co.za 5
Slide 6: Colocation Principles
Colocation Principles TRANSPARENCY MARKETS The JSE will measure, monitor and publish JSE colocation will provide clients access to all colocation service quality parameters on a JSE markets, although the implementations will central portal. be phased. CLIENTS SERVICE EQUALITY All JSE client types wi
Slide 7: Key Benefits
Key Benefits LATENCY ADVANTAGE NEW TRADING STRATEGIES Enabler of low latency trading strategies Fastest trading access irrespective to client through location or client type High speed trading access Potential execution probability Fastest unthrottled market data access improvement Enhanced re
Slide 8: Latency Measurement
Latency Measurement Latency measured from gateway-to-gateway is consistent Fastest quoted latency value by network service providers in each region Johannesburg 167 ms Stock Exchange International 20.0ms <1ms 16.0 ms Cape Town 15. 2.7m 7.0 0m s 3.0 m s s m s COLO Durban www.jse.co.za Sandton Pieterm
Slide 9: Initial Demand Analysis
Initial Demand Analysis Initial demand indications from clients indicate space constraints in the HIGH DEMAND FOR COLOCATION JSE Production Data Centre JSE needs more accurate demand picture from all clients LOW DEMAND FOR There was limited demand for colocation in JSE Remote Disaster COLOCATION IN
Slide 10: Primary product
Primary product PRIMARY PRODUCT: FULL RACK Trading Engine Connectivity: 10 Gbps fiber X 4 Power per Rack: 3.3 kVA 4 X fibres to JSE infrastructure Power allocation 1 X trading connectivity Standard minimum 3.3 kVA per rack 1 X redundant trading connectivity No additional charge till 1344 kWh, charge
Slide 11: Colocation products and services ….contd.
Colocation products and services ….contd. SECONDARY PRODUCTS Cross Connect: JSE Enabled Sub-letting: JSE Enabled The following types will be allowed Subletting of some form will be permitted — Member rack to client rack — Member to client — Member rack to SIP rack — SIP to Member — Client rack to SI
Slide 12: Colocation products and services ….contd.
Colocation products and services ….contd. ASSOCIATED SERVICES Monitoring: LATENCY Support: SMART HANDS Latency monitoring will be performed Smart hands support will be — During trading hours — Available to all participants 24/7 — Published on a central portal — No additional fee up to a specified li
Slide 13: Key Data-Centre Characteristics
Key Data-Centre Characteristics All Aligned to Network Service Managed Service TIER III Standards Provider (NSP) agnostic Providers (MSP) (Availability) CARRIER HOTEL permitted 24/7 24/5 – 8/2 Monitoring data Smart Hands Access to published online Service Data Centre www.jse.co.za 13
Slide 14: Data Centre Characteristics: Security
Data Centre Characteristics: Security PHYSICAL Security personnel available 24/7 Camera surveillance ACCESS Strict access policy across booking, identification, access processes and procedures All visitors will be escorted by JSE staff Bio-metric access to racks Multi-layered network security MONITO
Slide 15: Demand Analysis Process
Demand Analysis Process Window for requesting Send back feedback form, Colocation briefing further information on specifying space presentation for clients. colocation. requirement. Today: 17/9/2012 18/9/2012 – 2/10/2012 till - 10/10/2012 JSE will analyse the total Announce way forward, demand and d
Slide 16: Colocation Price
Colocation Price R 45 000 – R 55 000 INCLUSIONS EXCLUSIONS Once off on-boarding charges Additional power 3.3 kVA Power Additional trading connectivity 2 X Trading Connectivity (redundant) Additional market data connectivity 2 X Market Data Connectivity (redundant) Additional remote management 2 X Cl
Slide 17: JSE Contact - Colocation
JSE Contact - Colocation For further information on JSE colocation, please send an email to colocation@jse.co.za www.jse.co.za 17
Slide 18: Thanks
Thanks www.jse.co.za www.jse.co.za Copyright© JSE Limited 2009 18