Denodo Technologies, the leader in data virtualization, today 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 offers secure, efficient primary and secondary capital markets across a diverse range of securities, supported by a range of post-trade and regulatory services. They are the market of choice for local and international investors looking to gain exposure to the leading capital markets in South Africa and the broader African continent. The JSE is currently ranked the 19th largest stock exchange in the world by market capitalisation and is 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 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. "As the only company committed to helping customers leverage Data Virtualization as an abstraction layer across broad use case patterns, we look forward to helping the JSE to derive great value from their Data Virtualization efforts and to generate a demonstrable ROI.”