The Johannesburg Stock Exchange (JSE), Africa’s largest exchange, has partnered with data licensing and subscription management platform DataBP, to launch a new cloud-based marketplace aimed at transforming the JSE’s data offerings. The digital platform will serve as a central hub for all of the JSE’s data products and services, marking a significant step in the exchange’s digital evolution.
The new marketplace aims to streamline client onboarding, product development, and automation of data access entitlements and billing processes by leveraging DataBP’s advanced platform, thus enabling customers and redistributors to access a broad range of JSE products more efficiently. Additionally, the marketplace will host third-party content and analytics services, expanding the value and reach of the JSE’s proprietary data.
“Today’s data licensing agreements are often complex and highly specialised,” comments Mark Schaedel, CEO of DataBP, in conversation with TradingTech Insight. “We digitise these agreements to make their content a foundation for intelligence, enabling smarter workflows and streamlined customer experiences. Cloud is not just about B2C – those who acquire data aren’t always the consumer using data for their own purposes; they often need to license it for redistribution, product integration, and more. There has been a gap in cloud data marketplaces when it comes to supporting the needs of B2B linking data to licensing rights, access, and entitlements. But at its core, market data commercial management is about the administrative B2B relationships that rely and support data licensing, and that’s where we come in.”
The collaboration with DataBP follows the JSE’s recent efforts to digitise client contracting for index agreements and the introduction of its Trade Explorer for member analytics services. With core data now hosted on the cloud, the JSE is preparing to launch a virtual storefront that will facilitate online data purchases.
The JSE’s new marketplace will offer real-time market data, historical data, analytical tools, and indices, supporting market integrity and efficiency. The exchange’s focus on regulatory compliance, customer support, and data innovation underscores its commitment to enhancing the transparency and health of the financial landscape.
“This collaboration offers clients seamless access, versatile consumption options, and faster, more efficient data request fulfilment,” says Mark Randall, Director of Information Services at the JSE. “Our framework allows us to integrate third-party data and serve as a bridge for third-party data providers, where technical facilitation is possible. We will continuously roll out new products, ensuring our offerings evolve with our clients’ needs in mind.”
This partnership with DataBP is part of the JSE’s broader strategy to embrace technological advancements and position itself as a leader in financial market innovation on the African continent. The launch of the cloud marketplace is intended to improve the scalability, reliability, and efficacy of its data products, and to solidify the JSE’s standing as a provider of world-class financial services.
“What the JSE has done is particularly interesting because they are applying this approach across their entire business, not just in distribution,” says Schaedel. “They aim to use familiar e-commerce processes to streamline how they engage with both vendors and consumers, making customer onboarding more efficient. This is definitely the right direction to move in.”
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