JSE Rolls Out Online Portal for Market Data
June 20, 2013
JOHANNESBURG, 19 June 2013. The Johannesburg Stock Exchange
(JSE) has rolled out a new web-based portal called Nova through which JSE market
data clients can report their monthly usage of JSE data direct to the exchange.
The new system allows market data clients to log on to Nova to view JSE
data products that their company subscribes to as well as historical usage
figures. This assists with risk management of monthly reporting for clients
while reducing administration and complexity.
“Feedback from clients is
that the new system is easy to navigate, provides them with better control of
their monthly terminal and user reporting and has freed up some staff capacity,”
says Ana Forssman, Director of Market Data at the JSE. An added benefit is that
the intuitive interface and historical usage information will be useful when
data managers switch roles or leave a firm.
The application was designed
and developed by the JSE’s internal IT team using Agile methodology, piloted by
this project. The first phase of the project is related to data from all markets
with the exception of indices while the next two phases will extend this
facility to indices reporting as well. Future releases of Nova will allow
clients to upload data files for automatic processing which will streamline what
was previously a manual process.
“Enhanced service is a key focus for
the JSE and in general we’re finding ways to automate as many as possible of our
manual processes which are client facing. Automation of manual intensive
processes enables us to place greater focus on building more strategic
relationships with our clients,” adds Forssman. Increased automation will allow
the market data division to grow without a deterioration of service to clients.
International demand for JSE data continues to grow, with 45% of data sales for
2012 having come from outside of South Africa. Traditional markets of Europe and
the UK continue to be important but during 2012 we saw a spike in demand from
North America - primarily from algorithmic players.”
INFORMATION PLEASE CONTACT:
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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.
For further information,
please visit www.jse.co.za