Systems glitch halts trading on the JSE

Systems glitch halts trading on the JSE

South Africa's Johannesburg Securities Exchange (JSE) was forced to suspend trading on its equities market yesterday following problems with its hosted Sets trading system and Infowitz data delivery application, which are provided by the London Stock Exchange.

JSE market participants access the Sets system, which is hosted in London, via a dedicated communications link between Johannesburg and the UK capital.

In a statement, JSE says trading on the equities market was halted at 3.29pm due to a problem with both its primary and back-up communication links.

The problem was corrected and members were able to reconnect and commence the recovery of their systems.

The market re-opened at 5.30pm but some brokers experienced difficulty in trading and the exchange determined that a fair market did not exist and decided to suspend all trading for the day.

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