JSE upgrades its systems

Amazon Web Services enters into deal with stock exchange

The Johannesburg Stock Exchange (JSE) has joined forces with Amazon Web Services (AWS) to modernise its technology.

The aim is to leverage authority on computing infrastructure while exploring artificial intelligence (AI) to deliver innovative market solutions and drive operational efficiencies.

This move will also revolutionise the delivery of real-time market data in the cloud and drive industry innovation leveraging AI, machine learning, generative AI and block-chain technologies.

The JSE said the transformative journey would focus on market infrastructure and the enablement of evolutionary trading technologies for unified connectivity with clients.

Leila Fourie, Group CEO of the JSE said: “The JSE will start by embarking on upgrading its Broker Dealer Administration (BDA) system. The BDA system is a critical application used by the JSE to manage risk and ensure the seamless functioning of equity markets. The demands of modern, always-on, capital markets require the BDA system to be modernised from its legacy mainframe environment in order to meet the needs of broker dealers while maintaining the JSE’S status as a world class entity.”

Managing director of AWS, Tanuja Rander said: “AWS has deep expertise in meeting the unique needs of capital markets participants around the world, and we are excited about the opportunity to work with the JSE.

“The JSE’S commitment to drive efficiencies and an inclusive cloud-based marketplace has the potential to transform the way capital markets operate in South Africa. We are proud to play a foundational role in helping the JSE expand investment opportunities, foster diversification and manage risk, leveraging the latest AWS innovations in edge computing and generative AI.”

This partnership will also explore refining the delivery of real-time market data in the cloud and the delivery of cloud proximity offerings by utilising AWS’S global infrastructure.