by TINTSWALO BALOYI
JOHANNESBURG, (CAJ News) – SOUTH Africa’s Johannesburg Stock Exchange (JSE) is relishing the opportunity of being in a select bourses to benefit from a Nasdaq and Amazon Web Services (AWS) partnership to modernise markets globally.
Nasdaq, the United States technology company, and cloud services provider, AWS, late Thursday announced they were introducing a new suite of solutions that empower market operators to enhance liquidity, facilitate capital flows, and drive growth, while upholding the highest level of performance, security and resilience.
The JSE is collaborating with Nasdaq, which has a 15-year partnership with AWS, around the development of services for colocation, data intelligence and insights as well as client interactions.
Officials said the blueprint service deployment model would support the South African bourse’s technology enablement journey to modernise its technology, leverage edge computing infrastructure, explore artificial intelligence (AI) to deliver innovative market solutions and drive operational efficiencies.
Leila Fourie, Group Chief Executive Officer of the JSE, commented that this strategic collaboration was an extension of the long-standing relationship the stock exchange had with Nasdaq.
“The market infrastructure developed in partnership with Nasdaq and AWS will open the door to greater global market interconnectivity with minimal latency, which will support increased liquidity and capital flows between the US and South African capital markets.”
The official believes they would be setting new standards for the industry through innovation and technology that creates value for market participants.
JSE is Africa’s largest exchange, with approximately 400 listed companies on the Main and the AltX Boards.
Through the abovementioned partnership by the American-headquartered firms, it is undergoing the digital makeover alongside Mexico’s GVM and other Nordic markets.
–CAJ News