The JSE has announced the deployment of an online trading analytics platform for listed firms and exchange traded funds(ETFs).
This software has been provided by big xyt, a global provider of intelligent data and analytics solutions.
Data analytics is the science of analyzing raw data to make conclusions about that information.
Many of the techniques and processes of data analytics have been automated into mechanical methods and algorithms that work over raw data for human consumption.
Trading firms can deploy this JSE data analytics solution to explore their market share, examine how they interact with the order book, and view their trading performance.
Product managers can use this service to improve their algorithms and trading strategies, and front office staff can access information about their trading flows and identify competitive advantages.
JSE has raised the bar for other exchanges in Africa
The tools are fully hosted and web-based and highly accessible without the need for IT integration or support by end-users.
With listings of major global names and providing unique access to African growth stocks, the JSE provides an important hub for investors to participate in the rapid development of Africa’s economy.
By providing easy access to big xyt’s sophisticated data analytics solutions, the JSE is establishing a marker of excellence in providing information services that underpin the investment process.
According to Mark Randall, Director of Information Services at the JSE, clients are increasingly aware of data analytics and are hungry for solutions that can deliver trusted and actionable support to their bottom line.
“This is an opportune time to introduce this service to our clients. We believe it will help our member firms promote their competitive advantages and unique selling propositions,” said Randall.
He said the increase in quantity and complexity of data globally is a major challenge for JSE members and broader participants, both in terms of the development cost and the delivery to end-users.
“We also know that every exchange has a unique dataset that helps participants understand their competitive strengths in terms of liquidity and trading quality. We set ourselves the challenge to make this dataset highly accessible, at an affordable cost and with very fast delivery,” said Randall.
JSE has proposed adding value to its clients by providing high quality and readily accessible market data, mainly through modern cloud channels.
Richard Hills, Head of Client Engagement at big xyt, said the platform places JSE at the forefront of the global exchanges community, providing easy access to complex daily analytics.
“The JSE has raised the bar in terms of the scope and quality of information services provided to their stakeholders,” said Hills.
The JSE selected big xyt as their data analytics provider due to their independence, ability to provide high quality normalized data, capability to deliver complex security and execution analytics in sophisticated and data-rich capital markets.
The provider also has a team with in-depth domain experience in setting up, running and maintaining data analytics environments for tick data in highly secure environments.
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