The Johannesburg Stock Exchange (JSE) is getting a new trading system that will make equity market transactions 400 times faster.
“The migration is planned for the first half of 2012 and it is expected that JSE members will benefit from executing transactions almost 400 times faster than the present trading solution,” the JSE said in a statement on Thursday.
The JSE would move its equity market trading activity - the buying and selling of company shares - onto a system called Millennium Exchange.
The new system would operate from Johannesburg, instead of London where it is currently based.
There had been a “handful” of incidents where the JSE had to stop trading, due to problems with “international connectivity”.