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Africa's Largest Stock Exchange Keeping ‘a Close Eye’ on Rivals

  • JSE introducing new trading and clearing systems in April
  • Newcomer A2X has won secondary listings from biggest companies
Outside the stock exchange in Johannesburg, South Africa.

Outside the stock exchange in Johannesburg, South Africa.

Photographer: Nadine Hutton/Bloomberg

JSE Ltd., the operator of Africa’s largest stock exchange, will sharpen its trading and clearing systems from next month as the 132-year-old bourse responds to competition from a clutch of new market entrants.

“About 60 percent of our revenue comes from the cash-equity market and we are keeping a close eye on specifically one of the competitors playing in that space,” Chief Financial Officer Aarti Takoordeen said in an interview.