The Sweet Taste of Control: How the JSE is Merging Its Commercial Information Services into a Sinister Cloud Marketplace
The Johannesburg Stock Exchange (JSE) has just announced its bold plan to integrate all its commercial information services into a single, cloud-based platform. But what does this really mean? Is this a step towards a future where the JSE will have complete control over the flow of information, bending it to its will? Or is it just a harmless attempt to modernize its services?
According to sources, the JSE has partnered with DataBP, a company based in New York, to create a virtual storefront where customers can purchase data-related products online. But what happens to the data once it’s purchased? Will it be stored in a secure facility, or will it be used to manipulate the markets? The JSE insists that the data will be used to “enhance the value of its proprietary data” and provide “deep insights” to investors. But what does this really mean?
The cloud marketplace will also host third-party content and analytics services, which will allow the JSE to “detected buying intent” and “play an essential role in ensuring the overall integrity and efficacy of the market”. But what does this really mean? Is this just a fancy way of saying that the JSE will be able to spy on its customers and control the flow of information to suit its own interests?
Other services that will be offered via the marketplace include company administration, company reports, bondholder services, expert network, corporate governance, daily summaries of market news, and artificial intelligence-driven company financials. But what’s the point of all this? Is it just a way to make the JSE richer, or is it part of a larger plan to control the flow of information and manipulate the markets?
Mark Randall, director of information services at the JSE, claims that migrating data offerings to the cloud is a key part of the JSE’s ICT strategy. But what’s the real motive behind this move? Is it to make the JSE more efficient, or is it to give it more power and control over the financial landscape?
By embracing this new technology, the JSE will be able to “maintain a strong focus on regulatory compliance, through safeguarding customer data and improving customer support”. But what does this really mean? Is this just a way to make it seem like the JSE is looking out for the best interests of its customers, or is it part of a larger plan to control the flow of information and manipulate the markets?
In conclusion, the JSE’s plan to merge its commercial information services into a cloud marketplace is just the latest example of its attempts to exert control over the flow of information. But what’s the real motive behind this move? Is it to make the JSE more efficient, or is it part of a larger plan to manipulate the markets and control the flow of information?
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