Johannesburg, 10 March 2025: “The JSE is committed to pursuing innovative and cost-effective solutions that create an enabling environment for market participants. The launch of JSE-FIX demonstrates our dedication to being the centre of innovation for financial markets on the African continent through collaboration with leading financial technology companies such as Rapid Addition,” said Valdene Reddy, Director: Capital Markets at the JSE.

The JSE will utilise Rapid Addition's order routing technology for this new service, providing vendor neutral, efficient counterparty connectivity for domestic and international asset managers. JSE member firms will be able to both receive orders and send trade confirmations electronically across different asset classes listed on the exchange, while integrating seamlessly with their execution management processes.

JSE-FIX is an important addition to the JSE’s existing expansive suite of products and services. In 2023, the exchange introduced its low-latency Infrastructure as a Service (IaaS) colocation service, Colo 2.0, an extension of the bourse’s colocation offering that enables faster access to all its markets.

"The JSE-FIX collaboration reflects our shared vision with the JSE to reduce the cost and complexity of trading by delivering open, scalable technology solutions that enable capital markets," said Mike Powell, CEO of Rapid Addition. "We look forward to working with the JSE to deliver JSE-FIX and building on our existing relationships with customers in the region.”

ENDS

About the JSE

The Johannesburg Stock Exchange (JSE) has a well-established history of operating as a marketplace for trading financial products. It is a pioneering, globally connected exchange group that enables inclusive economic growth through trusted, world-class, socially responsible products, and services for the investor of the future. It offers secure and efficient primary and secondary capital markets across a diverse range of securities, spanning equities, derivatives, and debt markets. It prides itself on being the market of choice for local and international investors looking to gain exposure to leading capital markets on the African continent.

The JSE is currently ranked in the Top 20 largest stock exchanges in the world by market capitalisation, and is the largest stock exchange in Africa, having been in operation for 137 years. As a leading global exchange, the JSE co-creates, unlocks value and makes real connections happen. www.jse.co.za 

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About Rapid Addition

Rapid Addition is a pioneer in the development of advanced electronic trading technology and a recognised leader in financial messaging protocols and high-performance middleware. Our asset class- and message protocol-agnostic platform enables organisations to build unique trading capabilities to meet their specific requirements.

Architected to accelerate the deployment of customer IP and custom business logic, the RA Platform empowers firms to implement a broad spectrum of optimized electronic trading workflows through our low-code development framework.

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