JSE May Boost Offshore Trading Through Fixnetix Partnership

JSE Ltd. (JSE) may increase the number of foreign investors trading on the bourse through a partnership with a U.K.-based technology company, Michelle Joubert, head of investor relations said today.

Fixnetix will provide European investors with access to JSE data from early next year, the operator of Johannesburg’s stock exchange said Dec. 15. This will be extended to include trading of equities once the JSE switches to a new system in the first half of 2012, Joubert said. The exchange’s trading platform is currently hosted by the London Stock Exchange.

“The whole package will help us compete for trading volumes,” Joubert said. “The net effect of change is going to increase the speed of execution orders and, in a trading environment where latency is a disincentive for certain types of traders, this is significant.”

Foreign investors owned 33 percent of shares listed on the JSE by value as of Dec. 31, 2010, according to the latest data provided by the bourse. The JSE has a market capitalization of 5.32 trillion rand ($636 billion), ranking it in the top 20 stock exchanges globally by market capitalization.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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