COLOCATION. The Lowest Latency Connectivity.

Transcription

1 COLOCATION The Lowest Latency Connectivity Copyright JSE Limited

2 Agenda Agenda Agenda Progress to-date Colocation ecosystem Colocation concept Colocation principles Benefits Latency Measurement Initial demand analysis Primary product Secondary products Associated services Data Centre characteristics Security Process Price Contacts 2

3 Progress to-date Performed extensive consultation with Stock exchanges Industry experts Global data centre providers International members with colocation experience Research Requirements Analysis 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 Solution Design 3

4 The JSE Colocation Ecosystem 4

5 Colocation concept MATCHING ENGINES GATEWAYS JSE ACCESS NETWORK CONNECTIVITY TO CLIENT OFFICES RISK MANAGEMENT ALGO - EQUITY ALGO INTEREST RATE ALGO DERIVATIVES ALGO COMMODITY ALGO CURRENCY ALGO CLIENT OTHERS JSE REGULATORY REQUIREMENTS JSE NETWORK KIT COLO RACK 5

6 Colocation Principles TRANSPARENCY The JSE will measure, monitor and publish colocation service quality parameters on a central portal. MARKETS JSE colocation will provide clients access to all JSE markets, although the implementations will be phased. SERVICE EQUALITY The JSE colocation environment will be designed to provide equal performance to all racks regardless of its location in the facility. 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. 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. PRICING The pricing of all colocation offerings will be the same for all client types. 6

7 Key Benefits LATENCY ADVANTAGE Fastest trading access irrespective to client location or client type Fastest unthrottled market data access NEW TRADING STRATEGIES Enabler of low latency trading strategies through High speed trading access Potential execution probability improvement Enhanced response to market movement COST SAVINGS RISK MITIGATION Reduce bandwidth cost by replacing trade and data flow by configuration flow Reduced dependence on NSP performance Resilient infrastructure throughout the environment 7

8 Latency Measurement Latency measured from gateway-to-gateway is consistent Fastest quoted latency value by network service providers in each region Johannesburg Stock Exchange 20.0ms 167 ms International <1ms 16.0ms Cape Town 2.7ms 15.0ms 3.0ms 7.0ms COLO Durban Sandton Johannesburg CBD Bloemfontein 8 Pietermaritzburg

9 Initial Demand Analysis HIGH DEMAND FOR COLOCATION Initial demand indications from clients indicate space constraints in the JSE Production Data Centre JSE needs more accurate demand picture from all clients LOW DEMAND FOR COLOCATION IN DISASTER RECOVERY There was limited demand for colocation in JSE Remote Disaster Recovery Site 9

10 Primary product PRIMARY PRODUCT: FULL RACK Trading Engine Connectivity: 10 Gbps fiber X 4 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 per Rack: 3.3 kva 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) Client Connectivity: 10 Gbps fiber X 2 Access: JSE Market(s) 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 10

11 Colocation products and services.contd. SECONDARY PRODUCTS Cross Connect: JSE Enabled Sub-letting: JSE Enabled 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 11

12 Colocation products and services.contd. ASSOCIATED SERVICES Monitoring: LATENCY Support: SMART HANDS Latency monitoring will be performed During trading hours Published on a central portal No additional fee 24/7 environment monitoring will also be performed Smart hands support will be Available to all participants 24/7 No additional fee up to a specified limit Further support through MSPs/NSPs Once-Off: ON-BOARDING 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 12

13 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 13

14 Data Centre Characteristics: Security PHYSICAL Security personnel available 24/7 Camera surveillance ACCESS 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 MONITORING Environmental monitoring Central monitoring system with 24/7 dedicated monitoring personnel 14

15 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/ /

16 Colocation Price R R INCLUSIONS EXCLUSIONS 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 16

17 JSE Contact - Colocation For further information on JSE colocation, please send an to colocation@jse.co.za 17

18 Thanks Copyright JSE Limited