XML FeedsJSE 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
