Newedge has expanded its extensive Financial Information eXchange (FIX) connectivity network to include the Johannesburg Stock Exchange’s (JSE) derivatives markets. Newedge clients can now immediately access the JSE’s widely traded FTSE/JSE Top 40 Index futures contract, as well as select agricultural contracts, including futures on White and Yellow Maize, Wheat and Sunflower Seeds.
Josef Jongkind, Newedge Global Head of Advanced Trading Services Origination, says: “We are continually expanding our electronic-trading capabilities and global reach focusing on our clients needs. With the launch of the JSE gateway, Newedge now offers seamless FIX connectivity across listed-derivative exchanges on six continents and adds an important and liquid market to its global offer. We are helping clients to certify their proprietary or third-party FIX-based platform for JSE connectivity.”
The JSE ranked as the world’s 16th-largest derivatives exchange by volume in 2010. The JSE has evolved from a traditional floor based equities trading market to a modern and electronic securities exchange that helps to attract flows from a global customer base investing in multi-asset class products, in which Newedge plays a leading role.
