The Johannesburg Stock Exchange (JSE) has said the launch of equity trading platform Millennium Exchange a year ago today has wiped out trading outages and boosted execution speeds by 400 times.
On July 2 last year, the JSE’s trading platform moved from its ten-year base in London to the JSE building.
The JSE said the move also allowed for greater operational stability.
“The JSE’s move to the new equity system, completed on time and within budget, is a major achievement for our market,” said Leanne Parson, director of the JSE’s Equity Market.
“This success can be attributed to the hard work and collaboration between the exchange and its members. As in the past, whenever we’ve upgraded our trading systems we’ve also seen increased trade.”
Since the implementation, the number of trades is up 57 per cent, volumes four per cent and value of trades 21 per cent.