JSE re-opens after technical fault
The Johannesburg Securities Exchange (JSE) said Tuesday that it has re-opened the market at 11:50 am, following a technical fault.
The group said it has “re-established forced connectivity on an alternative network route through manual intervention”.
The JSE earlier advised clients that it halted the equity market at 10.39 am due to issues with the international links between the exchange and London, where its trading engine is located.
The local bourse reported a number of issues with the link between the Johannesburg-based exchange and London in 2011.
It announced in February 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 onthe implementation of a new trading system, located in Johannesburg, on 12 July 2012,” 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 onto a system called Millennium Exchange.
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