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Johannesburg - Due to technical issues effecting equity market trade, the JSE could only reopen its equity trading at 10:00 on Wednesday, Michelle Joubert, head of investor relations told Fin24.
She said these technical issues did not impact trade on any of the other markets, like the derivatives markets.
She also said that the interruption in trade which the JSE experienced last Thursday affected a different market and was due to a different reason.
A Fin24 user said that his broker told him that Thursday's interruption was due to cable theft.
Joubert, however, strongly denied this allegation.
In a statement the JSE apologised for any inconvenience caused.
Most indices opened firmer, with the All-share index up 0.16%, the Top 40 up 0.21% and Industrials gaining 0.36%. The Financial index was down 0.04%.
Reuters reported that the bourse moved its main trading system to Johannesburg from London in 2012 to increase trading speeds and in a bid to prevent the network errors that have disrupted trade in recent years.
Since then, the JSE has used the Millennium Exchange trading platform, which is developed by a unit of the London Stock Exchange Group.
The JSE said in 2012 the move to the Millennium platform would "eliminate" its stability problems, which it said had hurt its reputation.
In 2011 trade was halted for more than 30 minutes due to network problems. A similar issue stopped trade for more than six hours in 2010.
The glitches have been an embarrassment for the JSE, which is looking to court more overseas investors and market itself as a gateway to Africa's growing capital markets.
She said these technical issues did not impact trade on any of the other markets, like the derivatives markets.
She also said that the interruption in trade which the JSE experienced last Thursday affected a different market and was due to a different reason.
A Fin24 user said that his broker told him that Thursday's interruption was due to cable theft.
Joubert, however, strongly denied this allegation.
In a statement the JSE apologised for any inconvenience caused.
Most indices opened firmer, with the All-share index up 0.16%, the Top 40 up 0.21% and Industrials gaining 0.36%. The Financial index was down 0.04%.
Reuters reported that the bourse moved its main trading system to Johannesburg from London in 2012 to increase trading speeds and in a bid to prevent the network errors that have disrupted trade in recent years.
Since then, the JSE has used the Millennium Exchange trading platform, which is developed by a unit of the London Stock Exchange Group.
The JSE said in 2012 the move to the Millennium platform would "eliminate" its stability problems, which it said had hurt its reputation.
In 2011 trade was halted for more than 30 minutes due to network problems. A similar issue stopped trade for more than six hours in 2010.
The glitches have been an embarrassment for the JSE, which is looking to court more overseas investors and market itself as a gateway to Africa's growing capital markets.
