New project at JSE to bet on data virtualisation

LONDON, UK: Denodo Technologies, a player in Data Virtualization, announced that the Johannesburg Stock Exchange (the JSE) has purchased the Denodo Data Virtualization Platform and will deploy it to enable its new project.

The JSE, as explained, offers secure, efficient primary and secondary capital markets across a diverse range of securities, supported by a range of post-trade and regulatory services and it is currently said to be ranked the 19th largest stock exchange in the world by market capitalisation and the largest exchange in the African continent. The JSE has undertaken major technological upgrades over the past few years as part of a consistent drive to improve its service offering. “As part of this ongoing investment the JSE is creating an Enterprise Data Access Layer (EDAL) which will enhance our agility in meeting the changing demands and needs of our business and clients,” said Riaan van Wamelen, CIO at the JSE.

"We have selected the Denodo platform for this initiative." Denodo's Data Virtualization tool, as explained, will help the JSE to reduce costs and project cycle times by enabling the exchange to access and combine data from multiple heterogeneous sources using business logic and to present information in single views to consumers in various formats. “The JSE EDAL project is an example of how Data Virtualization can help organizations improve their overall performance and efficiencies in a strategic manner,” said Angel Vina, Founder and CEO, Denodo Technologies.