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Johannesburg - The Johannesburg Stock Exchange (JSE) said on Wednesday it was aiming to speed up trades by offering "co-location" services to its members and clients, a move it said would "shave milliseconds off execution speeds".
Co-location means having market participants putting their routers and servers as close as possible to the exchange trading systems - even within the same building.
JSE Ltd [JSE:JSE] chief operating officer Leanne Parsons told Reuters it would save trades from going back and forth between servers in London and Johannesburg.
"We aim to do it as soon as possible," she said, but added there was no exact timetable.
Co-location means having market participants putting their routers and servers as close as possible to the exchange trading systems - even within the same building.
JSE Ltd [JSE:JSE] chief operating officer Leanne Parsons told Reuters it would save trades from going back and forth between servers in London and Johannesburg.
"We aim to do it as soon as possible," she said, but added there was no exact timetable.
