J.P. Morgan has expanded its electronic trading capability to securities listed on South Africa’s Johannesburg Stock Exchange (JSE) and equity and agricultural derivatives listed on the South African Futures Exchange (SAFEX).
The move will grant the bank’s clients direct electronic access to the JSE and SAFEX using their choice of direct market access, algorithmic trading and voice execution during exchange trading hours through J.P. Morgan’s cross-asset trading platform.
“We are delighted that J.P. Morgan has expanded its direct electronic access to include the JSE and SAFEX,” said Allan Thomson, director of trading for the JSE and SAFEX, in a statement. “We will benefit from J.P. Morgan’s global reach and strong client base.”
Antonio Reyes Miras, global head of electronic client solutions (ECS) at J.P. Morgan, added: “Our combined ECS platform across securities and listed derivatives offers clients a seamless experience and demonstrates J.P. Morgan’s commitment to meeting our client’s product and connectivity requirements.”