Independent stock exchange A2X Markets has joined the Teraco vendor-neutral data centre.
A2X’s collaboration with Teraco will bring it closer to its customers and enable them to connect and get up and running in a quick and cost-effective way.
Lex van Wyk, CEO of Teraco, says the company is excited to partner with A2X as it looks to compete in the South African capital markets space. “Internationally, stock exchange competition leads to improved responsiveness and innovation while providing more liquidity, ultimately making the cost of execution lower.
“It is an exciting business venture and Teraco is delighted that A2X has chosen its extensive ecosystem to grow and develop the new exchange.”
A2X competes directly with the JSE, providing an alternative platform for companies to secondary list and trade shares.
“We reviewed the local data centre market extensively and found Teraco to be the only true, network agnostic provider, which was critical to not only our decision, but more importantly, our value proposition,” says Neal Lawrence, chief technology officer of A2X. “We wanted to make it easy and cost effective for our clients to connect to A2X. By hosting A2X’s primary data centre at Teraco, we are able to offer our clients an extensive list of connectivity options including the low latency option of colocating their systems with A2X.”
He says that Teraco is able to provide A2X and its clients with access to several leading companies via local points of presence (PoPs), cross connects or peering through Africa’s largest Internet Exchange (IXP), NAPAfrica. “Teraco has access to the largest carrier ecosystem as well as a 72-hour turnaround for any client wanting to connect within the ecosystem.”
Van Wyk says technology is proving to be an enabler for A2X. “For A2X a competitive advantage comes down to being a part of the financial hub that exists in Teraco, and having a platform that provides direct connection allowing high frequency trading at super high speeds with very low latency. Brokers need to connect and trade within microseconds and, within Teraco’s ecosystem, this is entirely possible.”
Lawrence adds: “We took a decision early on that we wanted to remain focused on building and running our core business. Outsourcing the data centre function was an obvious decision, however with Teraco, we got more than just a hosted data centre solution, we also gained a valued business partner.”