Global Markets Trigger Trading Spree at Johannesburg Stock Exchange with Record Daily Volumes
- Traders welcomed the thin-December trading month with an uptake in activity at South Africa’s trading exchange. The JSE reported record trading volumes of $4.6 billion on the 18th of December in its equities segment.
The December festive season is recognised as a dumbed-down period of activity in the financial markets, which was evident with the ruble and oil markets playing with fire. In a week of calamity for certain emerging market nation’s instruments, South Africa’s Johannesburg Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term has surprised the masses with reports of record trading volumes in its equities product range on the 18th of December.
Africa’s most established venue for financial markets trading surpassed previous records and saw the value of trades cross $4.6 billion. The country, a commodity-driven economy, is highly dependant on the state of global metals markets, although gold has been on the shy side of Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term compared to its peers in the energy markets. The venue saw participants take heed of uncertainty in the commodity and emerging markets segment.
Leanne Parsons, pictured, Director of Trading and Market Services at the JSE, commented about the new levels: “This is a wonderful milestone for the JSE and we believe that this record can be attributed to positive global equity sentiment coupled with an active Equity Derivatives Futures Close Out yesterday.”
The latest figures were 41% higher than the previous record where the exchange saw the values of trades reach $3.29 billion in average daily trading volumes in the equities division, on the 14th of September, 2012.
The JSE has been strengthening its position as the preferred gateway to the wider African markets. In September this year, it introduced a new initiative that allows global firms to complete listings in a fast and efficient manner under the new listing requirements. Firms listed in the UK, Canada, Australia and the US could place a secondary listing on the exchange’s alternative market, the AltX or the JSE’s main board using a fast track process.
Sirius Real Estate became the first firm to be admitted on the exchange under the new process on the fifth of December, raising $48 million.
The jump in activity on the 18th of December was due to a rally in the main equities listed on the exchange; commodity equities supported the index which saw South African stocks bank their biggest daily gain in six years. Sasol, a coal and fuel developing firm, rose 10.5%, driven by volatility in the price of Brent Crude. Over 421 million shares exchanged hands on the day.
The JSE has been defying the odds of the major financial trading venues, it is the only venue that has three women in its most senior positions.
The December festive season is recognised as a dumbed-down period of activity in the financial markets, which was evident with the ruble and oil markets playing with fire. In a week of calamity for certain emerging market nation’s instruments, South Africa’s Johannesburg Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term has surprised the masses with reports of record trading volumes in its equities product range on the 18th of December.
Africa’s most established venue for financial markets trading surpassed previous records and saw the value of trades cross $4.6 billion. The country, a commodity-driven economy, is highly dependant on the state of global metals markets, although gold has been on the shy side of Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term compared to its peers in the energy markets. The venue saw participants take heed of uncertainty in the commodity and emerging markets segment.
Leanne Parsons, pictured, Director of Trading and Market Services at the JSE, commented about the new levels: “This is a wonderful milestone for the JSE and we believe that this record can be attributed to positive global equity sentiment coupled with an active Equity Derivatives Futures Close Out yesterday.”
The latest figures were 41% higher than the previous record where the exchange saw the values of trades reach $3.29 billion in average daily trading volumes in the equities division, on the 14th of September, 2012.
The JSE has been strengthening its position as the preferred gateway to the wider African markets. In September this year, it introduced a new initiative that allows global firms to complete listings in a fast and efficient manner under the new listing requirements. Firms listed in the UK, Canada, Australia and the US could place a secondary listing on the exchange’s alternative market, the AltX or the JSE’s main board using a fast track process.
Sirius Real Estate became the first firm to be admitted on the exchange under the new process on the fifth of December, raising $48 million.
The jump in activity on the 18th of December was due to a rally in the main equities listed on the exchange; commodity equities supported the index which saw South African stocks bank their biggest daily gain in six years. Sasol, a coal and fuel developing firm, rose 10.5%, driven by volatility in the price of Brent Crude. Over 421 million shares exchanged hands on the day.
The JSE has been defying the odds of the major financial trading venues, it is the only venue that has three women in its most senior positions.