JSE launches new clearing solution
22 May 2019 Johannesburg
Image: Shutterstock
The Johannesburg Stock Exchange (JSE) has launched a new integrated trading and clearing solution to ensure better integration and cross-market harmonisation across its derivative and equity markets.
The new solution enables JSE to allow for centralised risk management as well as utilisation of assets and clearing efficiency.
Trading in all derivatives and cash bond markets at JSE are to be migrated to the MilleniumIT trading platform while for clearing, all markets are to be migrated to the new Cinnober real-time clearing solution.
According to JSE, this technology enhancement will drive efficiencies and integration across markets to better service the needs of its clients, leading to greater cross-market harmonisation and a swifter technology platform.
Nicky Newton-King, CEO of 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.”
She added: “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.”
The new solution enables JSE to allow for centralised risk management as well as utilisation of assets and clearing efficiency.
Trading in all derivatives and cash bond markets at JSE are to be migrated to the MilleniumIT trading platform while for clearing, all markets are to be migrated to the new Cinnober real-time clearing solution.
According to JSE, this technology enhancement will drive efficiencies and integration across markets to better service the needs of its clients, leading to greater cross-market harmonisation and a swifter technology platform.
Nicky Newton-King, CEO of 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.”
She added: “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.”
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