INFOTECH: Teraco is Interconnecting Africa to the World’s Financial Markets
Recent Gauteng Business News
Africa’s largest vendor neutral data centre, Teraco, has today announced that a high speed, low-latency fibre link between the Johannesburg Stock Exchange and the Teraco Isando data centre in Johannesburg has been completed by Dark Fibre Africa. This new route provides capital market participants with the reliable, high-bandwidth and high-speed connectivity required to transport critical financial data.
Jan Hnizdo, chief financial officer, Teraco, says: “The route, which spans 32 km, enables the Teraco community to provide capital market participants with solutions for high-bandwidth, low-latency connectivity. In real terms, this link offers a sub-500 microsecond round trip and is a virtual extension of the JSE’s ‘meet me room’ into Teraco.”
He says that the new route is significant for all capital market participants including brokers, traders, market data providers and the carriers that service the capital markets ecosystem as it provides them direct access to the JSE and the additional choice of connecting with more than 150 network and connectivity providers, covering local and international markets including the whole of Africa. “Teraco is an African and international connectivity gateway. We provide access to over 150 international and local telecommunications companies, including the submarine cables landing in South Africa.”
Teraco assists South African capital market participants with access to local and global financial markets. Connectivity to global data centers and Internet exchanges of financial importance are seamlessly achieved with a single deployment. Teraco’s interconnects have grown to almost 5 000 in less than five years, greatly assisting in growing the local financial ecosystem.
“As the recognised African leader in data centre infrastructure, Teraco provides the type of high-quality hosting and access to connectivity that is required by financial institutions to grow their market share and operate in local and global financial markets” says Hnizdo.
Teraco is currently busy with the construction of its 2nd data centre in Johannesburg, bringing its total ICT infrastructure investment to over R1 billion. Upon completion, Teraco will be Africa’s largest mega data centre: “We are confident that Teraco will continue to grow and significantly improve the course of the Internet and business in Africa,” concludes Hnizdo.
Business News Sector Tags: Infotech|