The Johannesburg Stock Exchange (JSE) has formulated a new trading and clearing solution for equity and currency derivatives.
JSE explained that the solution was designed to create “better integration and cross-market harmonisation” for its regulatory, trading and clearing markets.
Launch of the solution is expected to strengthen the JSE’s status as Africa’s largest multi-asset class stock exchange, as well as a “global market player”, in its provision of centralised risk management and clearing efficiency.
The JSE currently utilises the MilleniumIT trading platform for derivatives and cash bond markets, while clearing is integrated into Cinnober’s real-time solution.
Nicky Newton-King, CEO of the JSE, said: “The successful launch of what has been a multi-year project enables our products to trade on robust technology using world-class functionality and risk management techniques which we expect will enable our clients to lower their end to end cost of trading those products.”
“This has been a long journey and I want to express my gratitude to all our clients for their exceptional commitment to getting here with us.”
