JSE tests upgraded derivatives trading platform

Abstract

The Johannesburg Stock Exchange last week started testing Yield-X, its derivatives trading platform, ahead of a re-launch in mid-November. The upgraded platform, which offers currency futures and options trading, will now have a customizable front-end interface, built on Microsoft and SQL database technology, and will replace the legacy Nortel-based platform. The upgrade introduces new front-end tools that enable clearing members to set limits for their respective members, and deal management tools to allow users to roll over derivatives positions. The exchange's trading members and five clearing banks, which underwrite the derivatives trades, are also testing the platform.