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johannesburgstockexchange [2017/04/28 13:58] – [Auction Mechanisms] mayajohannesburgstockexchange [2023/02/27 11:58] (current) – [Financial and Economic News] hammed
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 ====== Johannesburg Stock Exchange (JSE) ====== ====== Johannesburg Stock Exchange (JSE) ======
 +
 JSE Limited is the largest stock exchange in Africa. It is an electronic multi-asset–class platform offering trading, clearing, and settlement of cash equities, equity and agricultural derivatives, and interest-rate products.  JSE Limited is the largest stock exchange in Africa. It is an electronic multi-asset–class platform offering trading, clearing, and settlement of cash equities, equity and agricultural derivatives, and interest-rate products. 
  
-[[ http://www.jse.co.za/Home.aspx | Homepage]]+[[ http://www.jse.co.za/ | Homepage]]
  
 Currency: South African cents (ZAc) Currency: South African cents (ZAc)
- 
-**Trading Hours** 
- 
-^Time^Session^ 
-|08:30 - 09:00|Opening Auction| 
-|09:00 - 16:50|Continuous Trading| 
-|12:00 - 12:15|Intraday Auction Call Session| 
-|16:50 - 17:00|Closing Auction Call Session| 
-|17:00 - 17:05|Closing Price Publication Session| 
-|17:05 - 17:10|Closing Price Cross Session| 
-|17:10 - 17:15|EOD Volume Auction Call Session| 
-|17:15 - 18:15|Post Close Sessions| 
  
 [[ https://www.jse.co.za/services/trading-calendars | Trading Calendars]] [[ https://www.jse.co.za/services/trading-calendars | Trading Calendars]]
 +
 ===== Trading Summary ===== ===== Trading Summary =====
 +
 The JSE's fully automated electronic trading system is called JSE TradElect. TradElect is operated under licence from the London Stock Exchange. The system was modified to suit the JSE's specific needs. The JSE operates an order-driven, central order book trading system with opening, intra-day, and closing auctions.  The JSE's fully automated electronic trading system is called JSE TradElect. TradElect is operated under licence from the London Stock Exchange. The system was modified to suit the JSE's specific needs. The JSE operates an order-driven, central order book trading system with opening, intra-day, and closing auctions. 
  
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   * Stop Limit Buy/Sell→ShortSell   * Stop Limit Buy/Sell→ShortSell
  
 +==== Basic Market Rules ====
  
- 
-==== Basic Market Rules ==== 
   * Lot Size: 100 shares.   * Lot Size: 100 shares.
   * Tick Size: min. 1.   * Tick Size: min. 1.
   * Short Sale Rules: short selling is allowed; naked short sells are prohibited.   * Short Sale Rules: short selling is allowed; naked short sells are prohibited.
-  * Circuit Breakers: JSE has safeguards in place during auction call and continuous trading phases.+  * Circuit Breakers: JSE has safeguards in place during auction call and continuous trading phases. For more information, please see the most recently available [[https://www.jse.co.za/content/JSENoticesandCircularsItems/All%20Notices/JSE%20Market%20Notice%206719%20EQM%20-%20Revised%20Price%20Monitoring%20Extensions%20During%20a%20Closing%20Auction.pdf|document]] on the subject. 
 ==== Auction Mechanisms ==== ==== Auction Mechanisms ====
 +
 === Open === === Open ===
  
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   * Orders will be matched at the end of auction call   * Orders will be matched at the end of auction call
  
-3. **Closing Auction Call Session** (16:50 - 17:00)+3. **Closing Auction Call Session** (16:50 - 16:59:45)
   * Orders may be entered, amended, and cancelled   * Orders may be entered, amended, and cancelled
   * All orders entered will be added to the order book   * All orders entered will be added to the order book
   * Hidden orders may not be entered, amended, or cancelled   * Hidden orders may not be entered, amended, or cancelled
-  * Orders with GFA (Good For Auction) validity after the intraday auction call will be added the order book+  * Orders with GFA (Good For Auction) validity after the intraday auction call will be added to the order book
   * Orders with ATC (At The Close) validity will be added to the order book   * Orders with ATC (At The Close) validity will be added to the order book
   * Orders will not be matched   * Orders will not be matched
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   * New orders may remain unmatched if there are insufficient orders on the contra side   * New orders may remain unmatched if there are insufficient orders on the contra side
  
-**Order Types:** Limit and Market will be eligible to participate in the uncrossing.+**Order Types:** Limit and Market orders will be eligible to participate in the uncrossing. 
 ===== Additional Info ===== ===== Additional Info =====
  
 ==== Financial and Economic News === ==== Financial and Economic News ===
  
-[[ http://www.bdlive.co.za/ | Business Day Live ]]\\ +  * [[ http://www.bdlive.co.za/ | Business Day Live ]] 
-[[ http://www.fanews.co.za/ | Financial & Advisory News ]]\\ +  * [[ http://www.fanews.co.za/ | Financial & Advisory News ]] 
-[[ http://www.fm.co.za/ | Financial Mail ]]\\ +  * [[ http://www.moneyweb.co.za/ | Money Web ]] 
-[[ http://www.moneyweb.co.za/ | Money Web ]]\\ +  * [[ http://za.news.yahoo.com/finance/south-africa/ | Yahoo! Finance - South Africa ]]
-[[ http://www.sabc.co.za/news/business | South Africa Broadcasting Corporation ]]\\ +
-[[ http://za.news.yahoo.com/finance/south-africa/ | Yahoo! Finance - South Africa ]]\\ +
-==== Market Data ==== +
- +
-[[ http://phx.corporate-ir.net/phoenix.zhtml?c=198120&p=irol-mktStat | JSE Market Statistics ]]+
  
 ===== See Also ===== ===== See Also =====
   * [[market_guides|Market Guides]]   * [[market_guides|Market Guides]]
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johannesburgstockexchange.1493402295.txt.gz · Last modified: 2017/04/28 13:58 by maya