The Johannesburg Stock Exchange (JSE), Africa's largest exchange, has collaborated strategically with DataBP to launch a ground-breaking cloud Marketplace, which aims to transform the JSE’s data offerings. 

Mark Randall, Director of Information Services at the JSE, said: “Migrating data offerings to the cloud is a key part of JSE’s Information and Communications Technology (ICT) strategy. It not only reduces infrastructure costs but also increases flexibility.” 

“This offering marks the successful completion of the first phase of our market data modernisation strategy. Ultimately, the JSE aims to leverage cloud services to provide clients with analytics and insights, rather than just raw data,” he said.

This new digital marketplace will serve as the central hub for all JSE data products and services.

The launch of the Marketplace is a major milestone in the JSE’s digital growth journey. 

The bourse has digitised client contracting for index agreements and introduced Trade Explorer for member analytics services. 

With its core data now cloud-hosted, the JSE is gearing up to launch a virtual storefront that allows clients to easily purchase data online.

By leveraging DataBP's advanced platform, the Marketplace will simplify client onboarding, streamline product development and automate data access entitlements and billing processes. 

The new data Marketplace will enable customers and redistributors to access a wide range of products efficiently. 

Additionally, the platform will host third-party content and analytics services, enhancing the value of the JSE’s proprietary data and expanding the distribution capabilities of the cloud marketplace.

“DataBP is excited to provide our cloud data marketplace solution to our partners at JSE,” said Mark Schaedel, CEO of DataBP. 

“JSE has developed a comprehensive cloud distribution platform with the intent of integrating all of its commercial information services under this cloud marketplace. Together we have developed a dynamic product catalog and order configuration process which integrates with data licensing and automated data access,” he said. 

“We are proud to partner with clients who are combining content and cloud services to unlock value for their customers and drive product innovation. At DataBP, we are committed to leveraging cloud-native technologies to streamline commercial market data practices. We look forward to continuing our partnership with JSE and supporting their success in the marketplace,” he added.