finsmart-news_admin 
The Johannesburg Stock Exchange (JSE) has launched a new order routing service in collaboration with trading and connectivity solutions provider, Rapid Addition.
JSE-FIX is the name of the service which aims to reduce the cost of sending orders by providing market participants with a scalable solution, that is vendor, venue, and asset class agnostic.
Vendor, Venue, and Asset Class Agnostic Connectivity
The new service provides vendor-neutral, efficient counterparty connectivity for domestic and international asset managers.
JSE member firms will be able to both receive orders and send trade confirmations electronically across different asset classes listed on the exchange while integrating seamlessly with their execution management processes.
JSE-FIX is an important addition to JSE’s existing expansive suite of products and services. In 2023, the exchange introduced its low-latency Infrastructure as a Service (IaaS) colocation service, Colo 2.0, an extension of the bourse’s colocation offering that enables faster access to all its markets.
Mike Powell, CEO of Rapid Addition, said: “The JSE-FIX collaboration reflects our shared vision with the JSE to reduce the cost and complexity of trading by delivering open, scalable technology solutions that enable capital markets. We look forward to working with the JSE to deliver JSE-FIX and building on our existing relationships with customers in the region.”
Valdene Reddy, Director Capital Markets at the JSE, said: “The JSE is committed to pursuing innovative and cost-effective solutions that create an enabling environment for market participants. The launch of JSE-FIX demonstrates our dedication to being the centre of innovation for financial markets on the African continent through collaboration with leading financial technology companies such as Rapid Addition.”
JSE Expanded Beeks and IPC Partnership
JSE recently expanded its partnership with Beeks and IPC System to bolster the exchange’s Colo 2.0 offering with enhanced dual-location disaster recovery capabilities. JSE’s Colo 2.0 is an advanced managed infrastructure as a service powered by Beeks’ Exchange Cloud, in collaboration with IPC, a leading provider of electronic trading solutions.
The move further opens the door to cloud-based solutions in African financial markets. The JSE will be able to swiftly adapt to changing market conditions, ensuring continuous high performance and resilience. The South African exchange’s Colo 2.0 provides JSE customers with innovative hosting and connectivity solutions, accessing on-demand private cloud computing and low latency analytics.
Leveraging the agility and scalability of Beeks’ Exchange Cloud, and IPC’s data center presence/fully hosted IaaS data center solutions, the JSE will be able to quickly respond to market demands and regulatory requirements. A secondary data center will ensure JSE’s infrastructure remains robust, resilient, and capable of adapting to the evolving needs of its customers.
The expansion builds on the successful launch of Colo 2.0 in September 2023 and follows a significant contract extension in March 2024 driven by higher-than-expected demand from the financial sector.
