COLOCATION The Lowest Latency Connectivity · presentation for clients. Today: 17/9/2012 ... 2 X...

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www.jse.co.za

Copyright© JSE Limited 2009

www.jse.co.za

The Lowest Latency Connectivity COLOCATION

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www.jse.co.za www.jse.co.za

Agenda

Agenda

Progress to-date

Colocation ecosystem

Colocation concept

Colocation principles

Benefits

Latency Measurement

Initial demand analysis

Primary product

Agenda

Secondary products

Associated services

Data Centre characteristics

Security

Process

Price

Contacts

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Performed extensive consultation with • Stock exchanges • Industry experts • Global data centre

providers • International members

with colocation experience

Progress to-date

Research

Consultation with a subset of the JSE clients to understand requirements around • Colocation products • Associated services • Capacity demand

Feasibility study for the colocation offering • JSE’s primary and mirror

data centre analysis • Product and services

design • Alignment to global

standards

Requirements Analysis

Solution Design

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The JSE Colocation Ecosystem

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Colocation concept

GATEWAYS MATCHING ENGINES

JSE NETWORK KIT JSE REGULATORY REQUIREMENTS

CONNECTIVITY TO CLIENT OFFICES

RISK MANAGEMENT

ALGO - EQUITY

ALGO – INTEREST RATE

ALGO – DERIVATIVES

ALGO – COMMODITY

COLO RACK

JSE ACCESS NETWORK

ALGO – CURRENCY

ALGO – CLIENT

OTHERS

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Colocation Principles

MARKETS JSE colocation will provide clients access to all

JSE markets, although the implementations will be phased.

TRANSPARENCY The JSE will measure, monitor and publish colocation service quality parameters on a

central portal.

PRICING The pricing of all colocation offerings will be the

same for all client types.

BULK TAKE-UP Bulk take-up of space within the JSE colocation

environment will be permitted, although subject to terms and conditions. Our focus will be on

best utilization and fair opportunity for all.

CLIENTS All JSE client types will be

permitted to colocate: JSE members + their Clients, JSE information subscribers + their Clients, JSE SIPs + their Clients,

MSPS and NSPs.

SERVICE EQUALITY The JSE colocation environment

will be designed to provide equal performance to all racks regardless

of its location in the facility.

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Key Benefits

Fastest trading access irrespective to client location or client type

Fastest unthrottled market data access

LATENCY ADVANTAGE

Enabler of low latency trading strategies through

High speed trading access Potential execution probability

improvement Enhanced response to market movement

NEW TRADING STRATEGIES

Reduce bandwidth cost by replacing trade and data flow by configuration flow

COST SAVINGS

Reduced dependence on NSP performance

Resilient infrastructure throughout the environment

RISK MITIGATION

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Pietermaritzburg

Bloemfontein

Johannesburg Stock Exchange

Durban

Cape Town

International

Johannesburg CBD

Sandton

3.0ms

7.0ms

15.0ms

16.0ms

20.0ms

167 ms

2.7ms

COLO

<1ms

Latency Measurement

Latency measured from gateway-to-gateway is consistent Fastest quoted latency value by network service providers in each region

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Initial Demand Analysis

Initial demand indications from clients indicate space constraints in the JSE Production Data Centre JSE needs more accurate demand picture from all clients

HIGH DEMAND FOR COLOCATION

There was limited demand for colocation in JSE Remote Disaster Recovery Site

LOW DEMAND FOR COLOCATION IN

DISASTER RECOVERY

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Primary product

Trading Engine Connectivity: 10 Gbps fiber X 4

PRIMARY PRODUCT: FULL RACK

Client Connectivity: 10 Gbps fiber X 2

Power per Rack: 3.3 kVA

Access: JSE Market(s)

4 X fibres to JSE infrastructure 1 X trading connectivity 1 X redundant trading connectivity 1 X market data connectivity 1 X redundant market data connectivity Additional ports can be rented

Power allocation Standard minimum 3.3 kVA per rack No additional charge till 1344 kWh, charged thereafter Additional power available on demand Cap for additional power: 5.5 kVA (low density cooling)

2 x Fibres to JSE devices in access network 1 X client’s management connectivity to their infrastructure 1 X redundant client’s management connectivity to their infrastructure Additional ports can be rented

Standard access Trading - 2 ports per market Market Data – 2 ports per market Choice: Equity, Equity Derivatives, Currency, Commodity, Interest Rate Access to additional markets or all markets can be achieved at a fee

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Colocation products and services ….contd.

Cross Connect: JSE Enabled Sub-letting: JSE Enabled

SECONDARY PRODUCTS

The following types will be allowed — Member rack to client rack — Member rack to SIP rack — Client rack to SIP rack — Information client to member / client / SIP — Once-off installation fee will be charged — Monthly maintenance fee will be charged

Subletting of some form will be permitted — Member to client — SIP to Member — SIP to Client — Information client to member / client / SIP — Each has to be registered with the JSE — No additional charges

Time Sync Service: Subscription Based

Available for a monthly subscription fee

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Colocation products and services ….contd.

Monitoring: LATENCY Support: SMART HANDS

ASSOCIATED SERVICES

Once-Off: ON-BOARDING

Smart hands support will be — Available to all participants 24/7 — No additional fee up to a specified limit — Further support through MSPs/NSPs

Latency monitoring will be performed — During trading hours — Published on a central portal — No additional fee — 24/7 environment monitoring will also be

performed

On-boarding will comprise of — Requirement gathering and design — Testing — Rack and Stack — Once-off fixed fee will be charged — Future change will follow a change request

process and charged on a time & material basis

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Key Data-Centre Characteristics

Aligned to TIER III Standards

(Availability)

Network Service Provider (NSP) agnostic

CARRIER HOTEL

All Managed Service Providers (MSP)

permitted

24/7 Smart Hands

Service

24/5 – 8/2 Access to

Data Centre

Monitoring data published online

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Data Centre Characteristics: Security

Security personnel available 24/7 Camera surveillance

PHYSICAL

Strict access policy across booking, identification, access processes and procedures All visitors will be escorted by JSE staff Bio-metric access to racks Multi-layered network security

ACCESS

Environmental monitoring Central monitoring system with 24/7 dedicated monitoring personnel

MONITORING

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Demand Analysis Process

Colocation briefing

presentation for clients.

Today: 17/9/2012

Window for requesting further information on

colocation.

18/9/2012 – 2/10/2012

Send back feedback form, specifying space

requirement.

till - 10/10/2012

Announce way forward, final timeline.

02/2013

JSE will analyse the total demand and determine way

forward.

10/2012 – 01/2013

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Colocation Price

R 45 000 – R 55 000

3.3 kVA Power 2 X Trading Connectivity (redundant) 2 X Market Data Connectivity (redundant) 2 X Client Connectivity (redundant) Access to one JSE market 24/7 remote hands support Latency monitoring service

Once off on-boarding charges Additional power Additional trading connectivity Additional market data connectivity Additional remote management connectivity Additional 2 ports per JSE market Cross-connect fees – once-off installation and monthly maintenance Time sync service fees

INCLUSIONS EXCLUSIONS

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JSE Contact - Colocation

For further information on JSE colocation, please send an email to

[email protected]

mailto:[email protected]

COLOCATION The Lowest Latency Connectivity · presentation for clients. Today: 17/9/2012 ... 2 X...

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