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JSE wants answers for network outage

Staff Writer
By Staff Writer, ITWeb
Johannesburg, 15 Sept 2014
Equity trading at the JSE was delayed until around 11am this morning, amid network issues.
Equity trading at the JSE was delayed until around 11am this morning, amid network issues.

The JSE is still looking for the root cause that hampered the flow of multicast data, resulting in a network outage that stalled equity trading for more than three hours this morning.

According to the JSE, some of its clients reported problems at around 7:25am, at which point it started pursuing corrective actions.

About an hour later, it noted on its Web site that the issue was not resolved, meaning the opening auction would be delayed as the market would be halted.

Eventually, one of its trading network switches was rebooted in a bid to solve the problem. "Some equity market clients may lose connectivity temporarily. Please note this will not affect any other market connectivity as only the equity market operates through this trading network," the JSE noted at the time.

The problem was solved at around 11am, and Leanne Parsons, director of trading and market services at the JSE, said providing a stable and secure trading environment remains a "key priority" for the exchange. She also said trading hours would not be extended, as clients had not requested that.

Namibian deal extension

Meanwhile, the JSE today announced a deal to allow the Namibian Stock Exchange (NSX) to use its trading technology and services indefinitely. According to a statement released today, NSX has been using the JSE's equity trading systems and services to trade, clear and settle its securities for 15 years.

Parsons added the deal "is of strategic importance to the JSE and provides an indication of the services we are able to offer our other counterparts on the African continent with massive economies of scale benefits".

NSX CEO Tiaan Bazuin said using the JSE's systems has had a positive impact on trading volumes.

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