The Johannesburg Securities Exchange equity market was temporarily offline on Tuesday due to a technical problem, the bourse said.
“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 would move its equity market trading activity — the buying and selling of company shares — onto a system called Millennium Exchange.
JSE hit by a technical problem
The Johannesburg Securities Exchange equity market was temporarily offline on Tuesday due to a technical problem, the bourse said.
“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 would move its equity market trading activity — the buying and selling of company shares — onto a system called Millennium Exchange.