JSE trading resumes

2012-01-17 13:34

The Johannesburg Securities Exchange equity market was back online just before noon today after technical problems halted it earlier, the bourse said.

“The JSE has re-established forced connectivity on an alternative network route through manual intervention and has reopened the market at 11.50am, after a five-minute open auction,” it said.

The JSE had halted the equity market at 10.39am due to issues with the international links between the exchange and London, where its trading engine is located.

The JSE suffered a number of problems with the link between the Johannesburg-based exchange and London last year.

It announced in February last year that it was introducing a new trading system that would make equity market transactions 400 times faster.

“As the market knows, the exchange is working on the implementation of a new trading system, located in Johannesburg, on July 12,” the JSE said.

“This is aimed at eliminating such problems, as well as increasing speed of trade execution.”

The JSE would move its equity market trading activity – the buying and selling of company shares – onto a system called Millennium Exchange.

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