A2X and Teraco announce partnership
In a bid to bring its trading platform closer to clients, A2X has partnered with data centre Teraco.
South Africa’s new, independent stock exchange, A2X Markets (A2X), has partnered with vendor-neutral data centre Teraco to bring its trading platform closer to clients. In a growing trend seeing financial institutions changing to multiple-provider platforms, A2X says its collaboration with Teraco will enable its clients to connect and get started in a faster and more cost-effective way.
Neal Lawrence (pictured), A2X chief technology officer, said:
“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. 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.”
According to Lex van Wyk, Teraco CEO, the company is excited about the partnership. He said:
“Internationally, stock exchange competition leads to improved responsiveness and innovation while providing more liquidity, ultimately making the cost of execution lower. It is an exciting business venture and Teraco is delighted that A2X has chosen its well developed and extensive ecosystem to grow and develop its exchange.”