CONNECT LONDON TO JOHANNESBURG STOCK EXCHANGE AT TOP SPEED
Newly optimised lowest-latency trading route between London <> Johannesburg
With demand from financial traders growing for connectivity in South Africa, we have architectured an optimised low-latency trading route from London to Johannesburg to offer the fastest route on the market.
Why Johannesburg? The South African markets recently experienced an 11-month high back in May, and now CEO Nicky Newton King has announced further plans to improve the exchange’s infrastructure and establish it as a global player.
Speaking to John Lothian News, she highlighted plans to transition from T+5 settlement to T+3 settlement (with no failed trades thus far), re-platform the derivatives trading technology within the exchange, employ a new clearing system from Cinnober that will be live at the start of 2018, and revamp bond trading on JSE partly through London Stock Exchange Group’s MTS.
However, it’s not all plain-sailing for South Africa. The South African central bank has recently taken legal action to protect its mandate and halt the state’s ‘gross over-reach’.
Kuben Naidoo, a deputy governor at the bank, told the Financial Times that, “Without price stability, development is very hard,” and added that the whole “architecture” of the financial system could be threatened if the bank’s mandate was diluted. There was a global consensus that “low and stable inflation is consistent with fast economic growth”, he said.
How will the markets develop over the coming months? And what effect will market changes have on the JSE’s trading volumes?
The company was founded in 2004 and serves the world’s largest financial institutions. BSO is a global pioneering infrastructure and connectivity provider, helping over 600 data-intensive businesses across diverse markets, including financial services, technology, energy, e-commerce, media and others. BSO owns and provides mission-critical infrastructure, including network connectivity, cloud solutions, managed services and hosting, that are specific and dedicated to each customer served.
The company’s network comprises 240+ PoPs across 33 markets, 40+ cloud on-ramps, is integrated with all major public cloud providers and connects to 75+ on-net internet exchanges and 30+ stock exchanges. The team of experts works closely with customers in order to create solutions that meet the detailed and specific needs of their business, providing the latency, resilience and security they need regardless of location.
BSO is headquartered in Ireland, and has 11 offices across the globe, including London, New York, Paris, Dubai, Hong Kong and Singapore. Access our website and find out more information: www.bso.co
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