JSE Limited

JSE Limited

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Company type	Public
Traded as	JSE: JSE
Industry	Financial services
Founded	1887
Key people	Leila Fourie (CEO)
Products	Securities exchange, Financial market
Website	www.jse.co.za

JSE Limited, also known as the Johannesburg Stock Exchange, is the largest stock exchange in Africa and is located in Sandton, Johannesburg, South Africa. It was established in 1887 during the first South African gold rush. The JSE provides a platform for the trading of securities and is a key component of the South African financial system.

History

The JSE was founded by Benjamin Wollan in 1887 to facilitate the trading of shares in the burgeoning mining industry. Initially, trading took place in a tent, but as the exchange grew, it moved to more permanent premises. Over the years, the JSE has evolved significantly, adopting electronic trading systems and expanding its offerings to include a wide range of financial instruments.

Structure and Operations

The JSE operates several markets, including the Main Board, the AltX (Alternative Exchange), and the Debt Market. It also offers trading in derivatives, commodities, and interest rate products. The exchange is regulated by the Financial Sector Conduct Authority (FSCA) and adheres to international best practices.

Main Board

The Main Board is the primary market for larger companies to list their shares. Companies listed on the Main Board must meet stringent requirements regarding financial performance, corporate governance, and disclosure.

AltX

The AltX is designed for smaller, high-growth companies that may not meet the requirements of the Main Board. It provides these companies with access to capital and the benefits of being a listed entity.

Debt Market

The Debt Market facilitates the trading of bonds and other debt instruments. It is an important source of funding for both public and private sector entities in South Africa.

Technology and Innovation

The JSE has been at the forefront of adopting new technologies to improve trading efficiency and transparency. In 2002, the JSE implemented the JSE SETS (Stock Exchange Trading System), which was later upgraded to the Millennium Exchange platform in 2012. This platform supports high-frequency trading and provides robust risk management features.

Role in the Economy

The JSE plays a crucial role in the South African economy by providing a platform for companies to raise capital and for investors to buy and sell securities. It contributes to economic growth by facilitating investment and promoting financial stability.

Regulation and Compliance

The JSE is subject to regulation by the FSCA and complies with the King Code of Governance principles. It also collaborates with international regulatory bodies to ensure adherence to global standards.

Also see

• Financial Sector Conduct Authority
• King Code of Governance
• Stock exchange
• Securities market
• South African economy