Johannesburg Stock Exchange is better known as JSE Ltd. Registered under the Securities Service Act 2004 and under Africa's major exchange, JSE Ltd stands amongst the major exchange houses of Africa.
Johannesburg Stock Exchange, with a broad surveillance capability and a secure and advance electronic trading system, has emerged as one of the premier exchange houses of Africa.
History of Johannesburg Stock Exchange
Located at the bend of Commissioner and Simmonds Streets at Johannesburg, the JSE Ltd was established on the 8th of November 1887. Later, in 1890 a new exchange building was constructed on the same site. In the year 1903, the exchange was shifted to a new site at Hollard Street. The fourth building of JSE was constructed in February 1960, at Hollard Street, followed by its fifth construction on 12th December 1978 at 17 Diagonal Street. The JSE moved for the sixth time to 1 Exchange Square on September 2000.
On the 8th of November 2000, the Johannesburg Stock Exchange adapted its new name as, JSE Securities Exchange South Africa, which later in the year 2005 changed into JSE Limited.
Trading at JSE Ltd
Earlier in 1887, the JSE did trading on an open platform by means of outcry but by 1996 the exchange house developed the Johannesburg Equities Trading system. As a result of this new change in the trading system, in a short span of three months between 8 March to 7 June 1996, 800 securities were transferred. On May 2002 the JSE Ltd. initiated the modernized trading arrangements in collaboration with the London Stock Exchange, which was known as the JSE SETS. This enabled the investors to avail the facility of world class trading technology.
JSE Management
|
Earlier, the exchange house was governed as a stock broking member organization, under a President, presiding over a committee of members. These members governed the functions of a sub-committee of members that handled various aspects of the stock exchange business. In the year 1986, Tony Norton, was made the first full time President of the JSE Ltd, for a period of five years and presided over the committee members.
In the year 2001, a new board was formed that replaced the existing committee and a fresh constitution was adopted. The board members, selected amongst the large group of the JSE stakeholders, handled the daily functions of the exchange. An advisory committee was also formed that replaced the previous sub-committee of the JSE. Their function was to advice on the following subjects:
- Agricultural Product
- Trading
- Memberships
- Financial Derivatives
- Clearing and Settlements
- Listings
Products and Services of Johannesburg Stock Exchange
JSE's complete market and statistical information, is provided by the Information Products Sales Division. It covers Information Across Equities (Main Board and Alt - X and Warrants), FTSE/ JSE Indices, Financial and Equity Derivatives (SAFEX) and Yield- X Bonds.
Presently, the JSE Limited has been recognized as the 16th largest exchange house of the world. In the year 2003 this premier stock exchange of Johannesburg, with a market capitalization of $182.6 billion (€158 billion), had 472 companies enlisted and an average trade value of $ 6,399 million (€5.5 billion) per month. On 30th of September 2006, its market capitalization value increased to $579.1 billion.
|
