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Jse derivatives trading system

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jse derivatives trading system

JSE Limited previously the JSE Securities Exchange and the Johannesburg Stock Exchange [2] is the oldest existing and largest stock exchange in Africa. It is situated at the corner of Maude Street and Gwen Lane in Sandton, JohannesburgSouth Africa. The discovery of gold on the Witwatersrand in led to many mining and financial companies opening and a need soon arose for a stock exchange. Out of this the JSE was born on 8 November By the trading hall became too small and had to be rebuilt but this too was outgrown. Trading then moved into the street. The Mining Commissioner closed off Simmonds Street between Market Square and Commissioner Street by means of chains. Ina new building was built for the JSE on Hollard Street. It was a storey building that took up an entire whole city block bounded by Fox and Main, Hollard and Sauer Streets. After World War IIit became apparent that this building was derivatives inadequate and in the decision was made to rebuild the system exchange. It took 11 years before construction began and in February the second exchange at Hollard Street was officially opened. Bythe JSE became a member of the Federation International Bourses de Valeurs FIBV. Inthe JSE took up residence at 17 Diagonal Street near Kerk Street, Johannesburg. After years, the open outcry system of trading was changed to an electronic system on 7 June In Septemberthe Johannesburg Securities Exchange moved to its present location in Sandton, Gauteng and changed its official name to the JSE Securities Exchange. In an agreement was struck with the London Stock Exchange enabling cross-dealing between the two bourses [3] and replacing the JSE's trading system with that of system LSE. In the JSE acquired the Bond Exchange of South Africa for R million and rebranded it the JSE debt market adding South African government and corporate bonds as well as interest rate derivatives to its product set. On 14 Aprilthe JSE re-branded to demonstrates the bourse's identity as a modern African marketplace that connects investors to growth opportunities not only in South Africa but globally. The JSE provides a market where securities can be traded freely under a regulated procedure. It not only channels funds into the economy, but also provides investors with returns on investments in the form of dividends. The exchange successfully fulfils its main function—the raising of primary capital—by rechannelling cash resources into productive economic activity, thus building the economy while enhancing job opportunities and wealth creation. The exchange is directed by an honorary committee of 16 people, all with full voting rights. The elected stockbroking members, who cannot number less than eight or more than eleven, may appoint an executive president and five outside members to the committee. Policy decisions are made by the committee and carried out by a full-time executive committee headed by the executive president. The JSE is governed by its members but through their use of JSE services and facilities, these members are also customers of the Exchange. Although there is only one stock exchange in South Africa, the Stock Exchanges Control Act repealed by the Securities Services Act of trading allow for the existence and operation of more than one exchange. Each year the JSE must apply to the Minister of Finance for an operating license which vests external control of the exchange in the FSB. The JSE's fully automated electronic trading trading system is called the Millennium Exchange, which replaced the JSE TradElect system inwhich in turn had replaced the JSE SETS system in Aprilwhich had replaced the JSE JET system in May The change to the Millennium Exchange involved moving the platform from London to a new platform housed in the JSE building in Johannesburg, thus speeding up the execution of transactions. The JSE operates an order-driven, central order book trading system with opening, intra-day and closing auctions. In Augustthe JSE launched the real-time Stock Exchange News Service Sens to enhance market transparency and investor confidence. Initially, it was optional for listed companies to use the service during its two-month trial period. From 15 October, augmented JSE listing requirements oblige companies to disseminate any corporate news or trading information on the service prior to using any other media outlet. Sens is carried by all the major wire services. Since its inception over ten years ago, Strate Pty Ltd has become the licensed South Africa's Central Securities Depository CSD for the electronic settlement of financial instruments in South Africa. Strate's stated core purpose is to mitigate risk, bring efficiencies to South African financial markets and improve its profile as an investment destination. Strate handles the settlement of a number of securities, including equities and bonds for the Johannesburg Stock Exchange JSEas jse as a range of derivative products such as warrants, exchange-traded funds ETFsretail notes and tracker funds. It has now added the settlement of money market securities to its portfolio of services. It provides services to issuers for their investors in terms of the Companies Act and Securities Services Act SSA Jse normal trading sessions are from 9: The Alternative Exchange is a stock exchange that was founded as a division of the JSE in order to accommodate small- and medium-sized high growth companies. Its website is accessible from the front page of the JSE's main website. The Alternative Exchange is known as AltX. The bourse is operated by JSE Limited, a company that listed on its own main board in June The Making of the Johannesburg Stock Exchange, — The story of the Johannesburg Stock Exchange: The Committee of the Johannesburg Stock Exchange. On 'Change Through the Years: A History of Share Dealing in South Africa. From Wikipedia, the free encyclopedia. Redirected from JSE Securities Exchange. For other uses, see JSE disambiguation. JSE Logo Prior to the April re-branding. List of companies traded on the JSE. Retrieved 27 November Archived from the original on 6 February Retrieved 9 January Retrieved 11 September Retrieved 22 July Exchanges listing over 4, companies commit to promoting sustainability". Sustainable Stock Exchanges initiative. Retrieved 13 May Retrieved 27 October Retrieved 30 July World Federation of Exchanges. Barbados Stock Exchange Belarusian Currency and Stock Exchange Bolsa de Comercio de Rosario Bolsa de Valores de Panama Bolsa Nacional de Valores Canadian Securities Exchange Dutch Caribbean Securities Exchange Ghana Stock Exchange Jamaica Stock Exchange Kuwait Stock Exchange Miami International Securities Exchange PFTS Stock Exchange Sydney Stock Exchange Seychelles Securities Exchange Trop-X. Primary market Secondary market Third market Fourth market. Common stock Golden share Preferred stock Restricted stock Tracking stock. Authorised capital Issued shares Shares outstanding Treasury stock. Broker-dealer Day trader Floor broker Floor trader Investor Market maker Derivatives trader Quantitative analyst Regulator Stock trader. Electronic communication network List of stock exchanges Opening times Multilateral trading facility Over-the-counter. Alpha Arbitrage pricing theory Beta Bid—ask spread Book value Capital asset system model Capital market line Dividend discount model Dividend yield Earnings per share Earnings yield Net asset value Security characteristic line Security market trading T-model. Algorithmic trading Buy and hold Concentrated stock Contrarian investing Day trading Dollar cost averaging Efficient-market hypothesis Fundamental analysis Growth stock Market timing Modern portfolio theory Momentum investing Mosaic theory Pairs trade Post-modern portfolio theory Random walk hypothesis Sector rotation Style investing Swing trading Technical analysis Trend following Value investing. Block trade Cross listing Dark liquidity Dividend Dual-listed company DuPont analysis Efficient frontier Flight-to-quality Haircut Initial jse offering Margin Market anomaly Market capitalization Market depth Market manipulation Market trend Mean reversion Momentum Open outcry Public float Public offering Rally Returns-based style analysis Reverse stock split Share repurchase Short selling Slippage Speculation Stock dilution Stock market index Stock split Trade Uptick rule Volatility Voting interest Yield. Largest stock exchanges by market capitalization. Economy of South Africa. Mining industry Coal Agriculture Whaling. Banks Gambling Tourism Ecotourism LGBT tourism Telecommunications Nuclear power Power stations. Mineral Revolution Witwatersrand Gold Rush Great Depression Disinvestment. Black Economic Empowerment Derivatives Black Economic Empowerment Qualifying Small Enterprises Scorecard Exempted Micro Enterprises. National Treasury Taxation South African rand Reserve Bank Consumer price index Provinces by HDI. Trade unions Corruption Companies JSE Limited Traded companies Krugerrand. Retrieved from " https: Johannesburg Securities Exchange Financial services companies of South Africa Stock exchanges in South Africa Economy of Johannesburg Companies listed on the Johannesburg Stock Exchange. Use dmy dates from September Use South African English from September All Wikipedia articles written in South African English Pages using deprecated image syntax. Navigation menu Personal tools Not logged in Talk Contributions Create account Log in. Views Read Edit View history. Navigation Main page Contents Featured content Current events Random article Donate to Wikipedia Wikipedia store. Interaction Help About Wikipedia Community portal Recent changes Contact page. Tools What links here Related changes Upload file Special pages Permanent link Page information Wikidata item Cite this page. 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Derivatives 101 - Basic Trading

Derivatives 101 - Basic Trading

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