LSE's e-trading platform expanded
The Johannesburg Stock Exchange will move onto the London Stock Exchange's electronic trading service this week after five months of intensive testing.
The Johannesburg Stock Exchange will move onto the London Stock Exchange's electronic trading service this week after five months of intensive testing.
Under the £11m five-year deal the JSE will rent space on the LSE’s Stock Exchange Electronic Trading Service platform on an application service provider (ASP) model.
The move follows a £12m upgrade of the system last year which tripled its capacity. The LSE uses only 20 per cent of this, and the JSE will take up a further five to seven per cent.
David Lester, chief information officer at the LSE, told vnunet.com that other exchanges are interested and are waiting to see how successful the JSE move will be.
‘We have had a steady stream of enquiries,’ he said. ‘Because it is an ASP business we can tackle the cost issue. On revenue the LSE is the third largest exchange in the world so, when they are looking for a business partner, they look at us. We will take on as many as we can get.’
The LSE will manage everything up to its own network boundary. From there to Johannesburg the JSE has a central network hub managed by South Africa Telecom.
Lester also confirmed that the LSE’s upgrade of Compaq fault tolerant servers and its move to Intel’s 64-bit Itanium processor will not be affected by the merger of Hewlett Packard and Compaq.
The numbers you crunch tell a story. Your expertis...
22yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleEY adopts Polygon's blockchain for contract management, aiming to enhance security, efficiency, and transparency, setting a new industry standard and ...
View articleFrom achieving new efficiencies to improving accuracy and streamlining compliance, intelligent automation systems are helping accountancy practices ma...
View articleHMRC's MTD ITSA pilot, launching on 22 April 2024, aims to modernize the UK tax system by requiring digital record-keeping and quarterly updates for s...
View articleThe shift to cloud-based accounting marks a significant transformation, enhancing efficiency, collaboration, and data security, and setting new standa...
View articleThe key question facing finance leaders is not about whether they should be strengthening their digital capabilities. That is settled. At AICPA & ...
View articleEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOn February 28, Xero became the latest accounting technology provider to launch a new AI assistant. ‘Just Ask Xero’ or JAX was announced a...
View articleThe findings from the Azets Barometer January 2024 survey highlight a concerning ‘blind spot’ in the cyber security posture of UK business...
View article