Johannesburg stock exchange markets

JSE Limited previously the JSE Securities Exchange and the Johannesburg Stock Exchange [2] is the oldest existing and largest stock exchange in Africa. It is situated at the corner of Maude Street and Gwen Lane in Sandton, Johannesburg , South Africa. The discovery of gold on the Witwatersrand in led to many mining and financial companies opening and a need soon arose for a stock exchange.

The first share transactions on the Rand took place in a rustic canvas tent, with trade taking place on Sundays, as this was the only day when mining was not allowed, owing to a strictly enforced regulation prohibiting the entry of African workers to the gold reefs.

Out of this the JSE was born on 8 November What immediately gave the JSE a clear advantage over exchanges such as Kimberley, Barberton, and, most importantly, London, was that listing of companies for a quotation on the Official List of the JSE was an easy and relatively cheap procedure. This relatively simple and non-restricting nature of the early Exchange promoted a wave of initial registrations on the Official List, with 68 companies by the end of November The Official List further expanded to more than companies by the end of January By the trading hall became too small and had to be rebuilt but this too was outgrown.

Trading then moved into the street. The Mining Commissioner closed off Simmonds Street between Market Square and Commissioner Street by means of chains. In , a new building was built for the JSE on Hollard Street. It was a storey building that took up an entire whole city block bounded by Fox and Main, Hollard and Sauer Streets.

After World War II , it became apparent that this building was again inadequate and in the decision was made to rebuild the stock exchange. It took 11 years before construction began and in February the second exchange at Hollard Street was officially opened. By , the JSE became a member of the Federation International Bourses de Valeurs FIBV. In , the JSE took up residence at 17 Diagonal Street near Kerk Street, Johannesburg.

After years, the open outcry system of trading was changed to an electronic system on 7 June In September , the Johannesburg Securities Exchange moved to its present location in Sandton, Gauteng and changed its official name to the JSE Securities Exchange. In an agreement was struck with the London Stock Exchange enabling cross-dealing between the two bourses [3] and replacing the JSE's trading system with that of the LSE. In the JSE acquired the Bond Exchange of South Africa for R million and rebranded it the JSE debt market adding South African government and corporate bonds as well as interest rate derivatives to its product set.

On 14 April , the JSE re-branded to demonstrates the bourse's identity as a modern African marketplace that connects investors to growth opportunities not only in South Africa but globally. The JSE provides a market where securities can be traded freely under a regulated procedure. It not only channels funds into the economy, but also provides investors with returns on investments in the form of dividends.

The exchange successfully fulfils its main function—the raising of primary capital—by rechannelling cash resources into productive economic activity, thus building the economy while enhancing job opportunities and wealth creation. The exchange is directed by an honorary committee of 16 people, all with full voting rights.

The elected stockbroking members, who cannot number less than eight or more than eleven, may appoint an executive president and five outside members to the committee. Policy decisions are made by the committee and carried out by a full-time executive committee headed by the executive president.

The JSE is governed by its members but through their use of JSE services and facilities, these members are also customers of the Exchange.

JSE Limited - Wikipedia

Although there is only one stock exchange in South Africa, the Stock Exchanges Control Act repealed by the Securities Services Act of does allow for the existence and operation of more than one exchange. Each year the JSE must apply to the Minister of Finance for an operating license which vests external control of the exchange in the FSB.

The JSE's fully automated electronic trading trading system is called the Millennium Exchange, which replaced the JSE TradElect system in , which in turn had replaced the JSE SETS system in April , which had replaced the JSE JET system in May The change to the Millennium Exchange involved moving the platform from London to a new platform housed in the JSE building in Johannesburg, thus speeding up the execution of transactions.

The JSE operates an order-driven, central order book trading system with opening, intra-day and closing auctions. In August , the JSE launched the real-time Stock Exchange News Service Sens to enhance market transparency and investor confidence.

Initially, it was optional for listed companies to use the service during its two-month trial period. From 15 October, augmented JSE listing requirements oblige companies to disseminate any corporate news or price-sensitive information on the service prior to using any other media outlet. Sens is carried by all the major wire services.

Since its inception over ten years ago, Strate Pty Ltd has become the licensed South Africa's Central Securities Depository CSD for the electronic settlement of financial instruments in South Africa.

Strate's stated core purpose is to mitigate risk, bring efficiencies to South African financial markets and improve its profile as an investment destination. Strate handles the settlement of a number of securities, including equities and bonds for the Johannesburg Stock Exchange JSE , as well as a range of derivative products such as warrants, exchange-traded funds ETFs , retail notes and tracker funds.

It has now added the settlement of money market securities to its portfolio of services.

Johannesburg Stock Exchange - JSE

It provides services to issuers for their investors in terms of the Companies Act and Securities Services Act SSA , JSE's normal trading sessions are from 9: The Alternative Exchange is a stock exchange that was founded as a division of the JSE in order to accommodate small- and medium-sized high growth companies.

Its website is accessible from the front page of the JSE's main website. The Alternative Exchange is known as AltX. The bourse is operated by JSE Limited, a company that listed on its own main board in June The Making of the Johannesburg Stock Exchange, — The story of the Johannesburg Stock Exchange: The Committee of the Johannesburg Stock Exchange.

On 'Change Through the Years: A History of Share Dealing in South Africa.

From Wikipedia, the free encyclopedia. For other uses, see JSE disambiguation. JSE Logo Prior to the April re-branding. List of companies traded on the JSE. Retrieved 27 November Archived from the original on 6 February Retrieved 9 January Retrieved 11 September Retrieved 22 July Exchanges listing over 4, companies commit to promoting sustainability". Sustainable Stock Exchanges initiative.

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Worldwide stock markets map shows the current open closed holiday status and current time for stock exchange- 24 hour format

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