JSE Equity Market Notes 1st Anniversay of Millennium
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.
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.
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.
INFORMATION PLEASE CONTACT:
Tel: +27 11 463 2198
Cell: +27 79 598 1820
ON BEHALF OF
Leanne Parsons: Director of the
Tel: +27 11 520 7340
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
For further information, please visit www.jse.co.za