ECONOMYNEXT – South Africa’s Johannesburg Stock Exchange has been upgrade with London Stock Exchange group platforms to trade equity, and forex derivatives.
LSEG Technology said it had implemented its Millennium Exchange and Millennium Surveillance platforms for the JSE.
"The successful launch, of what has been part of a multi-year project, enables our products to trade on robust technology using world class functionality, which we expect will enable our clients to lower their costs of trading," JSE Chief Executive Nicky Newton-King was quoted as saying in a statement.
"The move aligns JSE to global best practices and strengthens our position as a global market player, providing more stable and efficient services to our clients."
Ann Neidenback, Chief Information Officer of LSEG Technology said equity and foreign exchange derivatives trading on Millennium Exchange will deliver operational efficiencies and greater functionality to users.
LSEG Technology delivers robust, scalable, high-performance technology including broker, exchange, market data, risk management, surveillance, clearing and settlement products to customers around the world.
LSEG Technology software is running in 40 financial market infrastructure and financial services firms, which include London Stock Exchange Group markets (London Stock Exchange, Borsa Italiana, Turquoise), HKEX, Johannesburg Stock Exchange and Singapore Exchange. (Colombo/June14/2019)