JSE and Rapid Addition join forces
14 March 2025 South Africa
Image: Arnold/stock.adobe.com
The Johannesburg Stock Exchange (JSE) and Rapid Addition, a developer of electronic-trading technology, have partnered to launch a new order routing service, JSE-FIX.
Using Rapid Addition’s order routing technology, the new solution is said to provide a vendor-neutral connectivity service for domestic and international asset managers.
The JSE says that JSE-FIX users will now be able to receive and send trade confirmations electronically across asset classes, reducing the overall cost of sending orders.
Valdene Reddy, director of capital markets at the JSE, says: “The launch of JSE-FIX demonstrates our dedication to being the centre of innovation for financial markets on the African continent through collaboration with leading financial technology companies such as Rapid Addition.”
CEO of Rapid Addition, Mike Powell, adds: “The JSE-FIX collaboration reflects our shared vision with the JSE to reduce the cost and complexity of trading by delivering open, scalable technology solutions that enable capital markets.”
Using Rapid Addition’s order routing technology, the new solution is said to provide a vendor-neutral connectivity service for domestic and international asset managers.
The JSE says that JSE-FIX users will now be able to receive and send trade confirmations electronically across asset classes, reducing the overall cost of sending orders.
Valdene Reddy, director of capital markets at the JSE, says: “The launch of JSE-FIX demonstrates our dedication to being the centre of innovation for financial markets on the African continent through collaboration with leading financial technology companies such as Rapid Addition.”
CEO of Rapid Addition, Mike Powell, adds: “The JSE-FIX collaboration reflects our shared vision with the JSE to reduce the cost and complexity of trading by delivering open, scalable technology solutions that enable capital markets.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
.jpg)