JSE Media Alert
October 17, 2012
In response to recent media reports that there are companies selling stock
monitoring or share-trading software to the public and the marketing methods and
claims made relating to such products, the JSE would like to remind the public
- - To trade directly on the Johannesburg Stock Exchange, you have to open an
account with an authorised Member of the JSE. A JSE Member is one who has been
authorised by the JSE to trade in one of the JSE markets and has been admitted
as a Member after having fulfilled stringent requirements. A list of JSE Members
may be found at the JSE website www.jse.co.za under “Locate a Member”.
- - The JSE also includes a list of companies reflected as Data Distributors on
its website, which means that the market data that a Data Distributor makes
available (through its own software or other means) is sourced from the JSE. A
Data Distributor is not necessarily an authorised Member of the JSE.
- - The JSE does not endorse the sale of any software product in relation to
stock monitoring or share trading software. Any statements which indicate that
stock monitoring software is required to trade on the JSE are incorrect. Any
software providing access to trade the JSE markets can only be provided by an
authorised Member of the JSE.
- - In terms of the Securities Services Act it is an offence for anyone who is
not licensed as an exchange to claim that they are an exchange or behave in a
manner or use a name or description which suggests, signifies or implies that
there is some connection between that person and a licensed exchange, where none
exists. Companies selling stock monitoring or share-trading software may not
suggest or imply a connection to the JSE where none exists.
- - We advise the public to report any such activities to the Registrar of
Securities Services, the supervisory authority established in terms of the
Securities Services Act via the Financial Services Board (FSB) call centre on
0800 20 20 87 or via the FSB website at www.fsb.co.za