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Johannesburg Stock Exchange selects Fixnetix as POP provider in UK

The Johannesburg Stock Exchange (JSE) has chosen Fixnetix as the provider of the JSE's point of presence (PoP) in the UK, giving global investors easier access to the JSEs markets.

Under the agreement, Fixnetix will act as the JSE’s electronic gateway for European banks and brokers from early 2012.

Fixnetix will provide access to the JSE’s equity market customer testing service and real time data services, by means of POP, from a data centre in London, while the main trade matching system will be conducted in Johannesburg.

JSE Equities Trading Head Leanne Parsons said that ultimately, the agreement with Fixnetix and the new trading system will offer improved access to the JSE markets and may play a role in the JSE competing for trading volumes.

The JSE test services access will start early 2012 followed by the availability of real time data when the new system is executed by the middle of 2012.