JSE Equity Market Notes 1st Anniversay of Millennium Exchange

July 02, 2013


 

Johannesburg, 2 July 2013 – Today the Johannesburg Stock Exchange (JSE) marks the first anniversary of the launch of the new equity trading platform Millennium Exchange and the return of the trading platform from London where it had been situated for ten years.

The immediate benefit for members was execution speeds almost 400 times faster than the previous trading solution and the move back to Johannesburg has allowed for greater operational stability and zero trading outages.

“The JSE’s move to the new equity system, completed on time and within budget, is a major achievement for our market. This success can be attributed to the hard work and collaboration between the exchange and its members. As in the past, whenever we’ve upgraded our trading systems we’ve also seen increased trade,” says Leanne Parson, Director of the JSE’s Equity Market. Parsons notes that since the implementation, the number of trades is up 57%, volumes by 4% value of trades by 21%.

After a volatile week in South African markets, JSE trading figures indicate that a record number of trades were executed on Friday 31 May 2013. This new record of 290,259 trades is valued at R34.3 billion. “The system handled these record trades seamlessly,” adds Parsons.

Client response has been positive, noting the smooth transition and the benefits to their businesses. “The implementation of the MIT platform has manifested the following for our business: enhanced latency, significantly less downtime and, most importantly, better pricing for our clients,” says Simon Fillmore, CEO of Independent Securities a JSE member firm.

FOR FURTHER INFORMATION PLEASE CONTACT:
Chama Mwenso
Corporate Communications Consultants
Tel: +27 11 463 2198
Cell: +27 79 598 1820
Email: chama@corpcom.co.za  

ON BEHALF OF
Leanne Parsons: Director of the Equity Market
Director:
JSE
Tel: +27 11 520 7340
leannep@jse.co.za  

About JSE Limited
As South Africa’s only full service securities exchange, the JSE connects buyers and sellers in four different financial markets, namely equities, equity derivatives, commodity derivatives and interest rate products. The JSE Ltd offers the investor a truly first world trading environment, with world class technology, surveillance and settlement in an emerging market context. It is amongst the top 20 largest equities exchanges in terms of market capitalisation in the world. In terms of derivatives, the JSE is currently ranked the 20th largest exchange by the Futures Industry Association (FIA).

For further information, please visit www.jse.co.za