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Network glitches halt JSE trading

Jan 17 2012 11:49 Reuters

Company Data

All Share [JSE : J203]

Last traded R33,104.06
Change R111.81
% Change 0.34%
Cumulative volume 0
Market cap R0.00

Last Updated: 28/05/2012 at 17:43. Prices are delayed by 15 minutes. Source: McGregor BFA

 

Jse [JSE : JSE]

Last traded R73.78
Change R0.42
% Change 0.57%
Cumulative volume 215,578
Market cap R6.41bn

Last Updated: 28/05/2012 at 17:43. Prices are delayed by 15 minutes. Source: McGregor BFA

 

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Johannesburg - The Johannesburg Stock Exchange halted equity trading early on Tuesday, an official said, the latest network glitch to stymie trade on Africa’s largest bourse.

"The JSE has advised clients that it paused the equity market at 10:39 [am] today due to issues with the international links between the exchange and London, where its trading engine is located," it said in a statement.

The JSE suffered a number of problems with the link between the Johannesburg-based exchange and London last year.

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 on the 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 Ltd [JSE:JSE] would move its equity market trading activity - the buying and selling of company shares - onto a system called Millennium Exchange.

The All Share [JSE:J203] index, which earlier hit a record high, last traded at 08:43 GMT.

 

 
 
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