A2X joins Teraco data centre

Neal Lawrence CTO A2XNeal Lawrence is the chief technical officer of A2X. (Image source: A2X)A2X Markets (A2X), an independent stock exchange, has joined Teraco, one of the largest vendors of neutral data centre in Africa, aiming to bring its trading platform closer to clients

A2X said that it’s collaboration with Teraco is expected to enable the clients to connect and run in a quick and cost-effective way.

Notng that the company aims to compete in the South African Capital Markets space, Lex van Wyk, CEO of Teraco, said, “Internationally, stock exchange competition leads to improved responsiveness and innovation while providing more liquidity, ultimately making the cost of execution lower.”

A2X competes 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,” according to Neal Lawrence, chief technical 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 collocating their systems with A2X,” Lawrence added.

Under tha partnership programme, Teraco will 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.

Van Wyk explained, “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.”

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