{"id":12045,"date":"2012-07-03T00:10:37","date_gmt":"2012-07-02T22:10:37","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/s-africas-jse-launches-high-speed-trading-platform\/"},"modified":"2012-07-03T00:10:37","modified_gmt":"2012-07-02T22:10:37","slug":"s-africas-jse-launches-high-speed-trading-platform","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-jse-launches-high-speed-trading-platform\/","title":{"rendered":"S.Africa&#8217;s JSE launches high-speed trading platform"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, July 2<\/span> (Reuters) &#8211; The Johannesburg Stock<br \/>\nExchange launched a revamped trading platform on Monday to woo<br \/>\nmore business from hedge funds and avoid the system glitches<br \/>\nthat have undermined the reputation of Africa&#8217;s top bourse.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>JSE Ltd, which operates the bourse, said the new<br \/>\n&#8220;Millennium Exchange&#8221; system would allow traders to execute<br \/>\ntransactions at nearly 400 times the previous speed.<\/p>\n<p><span><\/span><\/p>\n<p>The upgrade is aimed at drawing more business from hedge<br \/>\nfunds and other investors who rely on increasingly sophisticated<br \/>\nautomated trading strategies.<\/p>\n<p><span><\/span><\/p>\n<p>Developed by a unit of the London Stock Exchange Group<br \/>\n, the new system will be based in Johannesburg, unlike<br \/>\nits predecessor, which was housed in London.<\/p>\n<p><span><\/span><\/p>\n<p>Problems with the connection between Johannesburg and London<br \/>\nhave plagued the JSE in recent years, sparking embarrassing<br \/>\nglitches that forced the bourse to halt trading several times.<\/p>\n<p><span><\/span><\/p>\n<p>One network meltdown in 2010 caused trading to stop for six<br \/>\nhours.<\/p>\n<p><span><\/span><\/p>\n<p>With a market value of $775 billion at the end of May, the<br \/>\nJohannesburg exchange is on par with the Spanish bourse,<br \/>\naccording to data from the World Federation of Exchanges.<\/p>\n<p><span><\/span><\/p>\n<p>The value of equities traded stands at $147 billion for the<br \/>\nyear to May, according to the data, substantially behind<br \/>\nEuropean exchanges, as well as emerging markets such as Turkey.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG, July 2 (Reuters) &#8211; The Johannesburg Stock Exchange launched a revamped trading platform on Monday to woo more business from hedge funds and avoid the system glitches that have undermined the reputation of Africa&#8217;s top bourse. JSE Ltd, which operates the bourse, said the new &#8220;Millennium Exchange&#8221; system would allow traders to execute transactions [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-12045","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=12045"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12045\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}