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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.
