Johannesburg Stock Exchange switches to Linux

The Johannesburg Stock Exchange (JSE) announced that after moving to Johannesburg, it will switch to a Linux-based trading platform. JSE is currently working from London on the TradElect platform, which is based on Microsoft .Net and SQL Server 2000. The exchange plans to switch to the Millennium Exchange platform from MillenniumIT in the first half of 2012.

JSE follows the example of the London Stock Exchange (LSE), which also worked on the TradElect platform, but in 2009 began the process of transition to the Millennium Exchange system using systems based on Linux and Solaris. LSE also acquired the Sri Lankan developers of the Millennium Exchange - MillenniumIT - for $ 30 million.

JSE now intends to return to Johannesburg to make its services more accessible to South African clients. The exchange used the move to go to the Millennium Exchange. And unlike LSE, it will only work on Linux systems.

The new system will significantly increase the speed of trade, it will allow you to carry out transactions almost 400 times faster than the current trading platform. This improvement will allow the exchange to grow. As JSE executive director Lin Parsons said: “There is a lot of evidence that as the exchanges increase their trading speed, they also increase the levels of high-frequency trading. This is important for deepening the market. ”