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This is the Sharenet company blog where we will bring you the latest news and events on the go at Sharenet, together with tips on using our site and our products.

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    JSE to move to a new, faster trading system

    Dear Users

    As you may have heard already, the Johannesburg Stock Exchange (JSE) is migrating to a new trading system. As of Monday, 2 July 2012, the new trading system, called the Millenium Exchange, will operate out of Johannesburg instead of London and the benefits that should arise from this switch include the following:

    • The JSE believe that the new system will make equity market transactions 400 times faster.
    • The new system will improve service availability and stability.
    • The system is expected to increase the equity volumes traded on the JSE and therefore liquidity.

    Sharenet has been hard at work testing and developing our systems over the last 6 months in anticipation of the change and while we expect a smooth transition, there may be some unexpected glitches come Monday morning. If you do happen to find something out of place, please do email us at support@sharenet.co.za and we will be sure to give it our immediate attention.

    Kind regards
    The Sharenet Team

    Permalink2012-06-28, 15:12:43, by Natalie Email , Leave a comment