Middle East & Africa

The Johannesburg Stock Exchange (JSE) has completed the second phase of its T+3 project, a move that will see the settlement cycle for South African equities cut by two days.

The successes and failures of European regional market infrastructure projects should be thoroughly examined by professionals embarking on similar initiatives in Latin America and Asia.

The Johannesburg Stock Exchange has created a co-location centre offering low-latency connectivity to the South African exchange.

ALTX Africa Group, a new exchange operator focusing on East Africa, has been granted its first licence to launch a venue in Uganda.

Euronext has agreed to provide four stock exchanges across the Middle East and North Africa with its trading platform technology.

The Qatari market has been upgraded from a frontier market to an emerging market by Standard & Poor’s.

Clearstream and South Africa’s central securities depository Strate have launched a centralised collateral management service for the South African financial market.

Marco Polo Securities has launched its global trading platform today with a focus on using technology to facilitate trading in developed and emerging markets.

A rise in trading volume and value on the Johannesburg Stock Exchange, across asset classes, increased operating revenue by 16% to R794m.