Beware of "JSE Investment" scams

The JSE Limited/ Johannesburg Stock Exchange (JSE) is aware of a several scams (on Telegram and WhatsApp) posing as authorised JSE investment schemes and/or using the names(s) of JSE Executives (including our CEO, Leila Fourie).

In these investment scams, potential investors are urged to deposit money into a bank account and promised quick and guaranteed returns on their investment. These types of groups are not authorised by the JSE and the investments referred to are not authorised or endorsed by the JSE or any members of the JSE Executive. The JSE does not recruit investors in this manner.

The only way to invest on the JSE is via an authorised JSE stockbroker. A list of stockbrokers can be found on www.jse.co.za and then click on 'find a stockbroker' and you will find a list of stockbrokers in your area who will help you to open an account and you can begin your investment journey with the JSE.

Should you suspect a false investment scam group, please report these to the JSE at [email protected].

Published 21 Nov 2019
Posted by JSETestSuperEditor

JSE expands dark functionality offering to include ‘Iceberg orders’

Johannesburg, 20 November 2019:  The JSE has expanded its Dark Functionality offering with the introduction of ‘Iceberg orders’  which allow traders to display only small portions of their larger order trades, without disclosing their full order size.

The new ‘Iceberg orders’ enable traders to execute their trading strategies by providing a secure and regulated environment for the execution of large-in-size, non-visible equity market orders.

In today’s globally competitive trading space, innovation and security play pivotal roles in driving market gains. The introduction of ‘Iceberg orders’ onto the exchange will drive increased trading and improved execution whilst allowing clients to execute through multiple alternatives.  

Valdene Reddy, Acting Director of Capital Markets at the JSE says, “This innovative and globally competitive functionality is an exciting addition to our products and we are pleased to provide a platform that is not only user friendly, but also responds to s our clients with an alternative to improve executions   in this tough economic environment.”

“Our Dark Functionality Suite provides our clients with various options to choose from to enhance their trading experience, which is important for us in order to remain globally competitive and innovative products.” Reddy concludes.

How Iceberg orders work

An ‘Iceberg order’ allows participants to display only a small portion of a larger order. Once the visible portion of the Order is executed, the visible size of the remaining order is replenished based on a randomised replenishment methodology. The order will rest in the order book as a passive order and the process continues until the entire order is executed, or until the order expires.

ENDS

 

ABOUT THE JSE

The Johannesburg Stock Exchange is based in South Africa where it has operated as a marketplace for the trading of financial products for 132 years. It connects buyers and sellers in equity, derivative and debt markets. The JSE is one of the top 20 exchanges in the world in terms of market capitalisation and is a member of the World Federation of Exchanges (WFE). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management. www.jse.co.za

JSE contact:

Pheliswa Mayekiso

Media and Internal Communications Manager

Tel: +27 11 520 7495

Email: [email protected]