Sunday, November 8, 2009

Johannesburg Stock Exchange, South Africa

The JSE Ltd (“JSE”) is licensed as an exchange under the Securities Services Act, 2004 and Africa’s premier exchange. It has operated as a market place for the trading of financial products for nearly 120 years. In this time, the JSE has evolved from a traditional floor based equities trading market to a modern securities exchange providing fully electronic trading, clearing and settlement in equities, financial and agricultural derivatives and other associated instruments and has extensive surveillance capabilities. The JSE is also a major provider of financial information. In everything it does, the JSE strives to be a responsible corporate citizen.
  • In 8 November 1887 trading commenced by way of open outcry on a trading floor.
  • In March 1996, trading on the Johannesburg Equities Trading (JET) system commenced. 800 securities were transferred in the 3 month period from 8 March 1996 to 7 June 1996.
  • On 7 June 1996 the trading floor closed after a 108 year era.
  • By Monday 10 June 1996 the JET System was fully operational.
  • The JSE moved to JSE SETS in May 2002, thus commencing the new trading platform arrangements with the London Stock Exchange and allowing JSE investors access to world class technology.

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