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JSE Launches New Real-Time Clearing Platform from Nasdaq

The Johannesburg Stock Exchange (JSE) has launched a new real-time clearing platform from Nasdaq for its Equity Derivatives and Currency Derivatives market, reports Jane Connolly.

The move sees the first asset classes being migrated to the platform, as the initial phase of JSE’s multi-year project, ITaC. JSE plans to migrate all its markets to the clearing solution, with the aim of achieving more efficient collateral utilisation, intra-day risk monitoring and improved margin transparency.

JSE CEO Nicky Newton-King says: “The launch of our new clearing platform is an important milestone in our aim to align ourselves with global best practices using a state of the art, multi-product technology solution.”

She adds: “Technology has become vital for clearinghouses in offering services that stand up to market participants’ and regulators’ demands on robust risk management, transparency and efficiency.”

Michèle Carlsson, managing director and head of business development, Middle East and Africa at Nasdaq, comments: “JSE’s scalable and highly robust clearing solution makes them set for continued growth, innovative product development and compliance with evolving regulatory requirements.”

JSE joins more than 250 market infrastructure organisations and market participants across over 50 countries to use Nasdaq’s market technology.