Beeks Group Joins Force with IPC to Power Customer Private Cloud Deployments for JSE

Beeks Group, a leading managed cloud computing and analytics provider for capital markets and financial services, has partnered with IPC System, a leading provider of electronic trading solutions, to deploy an advanced managed infrastructure-as a-service (IaaS) solution for Johannesburg Stock Exchange (JSE), allowing the largest stock exchange in Africa to directly offer its customers an in colocation branded experience, effectively addressing costly challenges such as monitoring, hosting, maintenance, and time-to-market concerns.

Through the collaboration, Beeks and IPC offer the financial markets an industry leading private and hybrid computing infrastructure offering, with global availability at premier colocation facilities. They are jointly delivering end-to-end market solutions that syndicate market data and trade lifecycle services with a purpose-built trading infrastructure in key global markets. The Beeks-IPC joint solution will enable client deployments within JSE's own data centers. JSE's customers will have access to all the capabilities provided by Beeks Exchange Cloud​ (a multi-home, fully configured and pre-installed physical trading environment launched last June) and IPC, including on-demand cloud and analytics capabilities.

Langa Manqele, Head of Equities and Equity Derivatives at JSE, 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 Group, said: "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 Exchange Cloud derived from an identified demand from global exchanges for a secure multi-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."
Matt Pilkington, Business Development Manager at IPC Systems, added: "This is a major development for IPC and the South African marketplace. The customer reception so far has been tremendous. By leveraging our solution, JSE's clients can reduce time to market, decrease capital expenditure and ease their dependency on working with multiple vendors. As a continent experiencing rapid transformation and one of the fastest expanding economic regions globally, the role of Africa's capital markets for economic development has never been more critical. IPC is excited to facilitate that potential with JSE and we look forward to sharing our expertise within the 40+ economies of the region."