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South Africa : JOHANNESBURG STOCK EXCHANGE rolls out high tech Colocation Centre.

The Johannesburg Stock Exchange (JSE) announced the introduction of its colocation centre, enabling its customers to place their trading equipment in the JSE data centre, with fastest access to all JSE markets.

Situating on the JSE premises, the JSE s colocation centre is aimed at offering the lowest latency connectivity to customers for trading and the receipt of real-time data. They will get a roundtrip latency of 150 microseconds compared to the existing 2550 microseconds it takes for clients who are in Sandton.

Clients demand faster execution speeds and exchanges need to offer these in order to compete, said Leanne Parsons, Director: Equity Market at the JSE, Aside from faster trading speeds and updates to market data which will allow for enhanced response to market movements and deployment of new trading strategies, colocation also reduces the cost of bandwidth for clients.

Parsons added, It also improves trading resilience as clients are in the JSE s data centre and reduces clients dependence on network providers. Apart from the benefits to clients, colocation will open up a new revenue stream for the JSE.

The colocation centre will initially provide space, power, cooling, and physical security for 35 hosting units for clients computers, said Rin Van Wamelen, Chief Information Officer at the JSE, The colocation centre design is based on a Tier III design which is optimised to conserve efficiencies in energy and cooling. The JSE colocation data centre has been configured to ensure that all clients experience the same speeds on the JSE colocation network.

The existing equity market trading solution, powered by MillenniumIT software has been updated in order to house the colocation capacity requirements and the whole market will now benefit with an enhanced matching engine speed of about 100 microseconds.

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Publication:Mena Report
Date:May 15, 2014
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