LSE's Electronic Bond Trading Platform Goes Live in South Africa
- The seven-year-long project will enable global access to South Africa’s government bond market.
The London Stock Exchange (LSE) announced today that its electronic bond Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, MTS, and the Johannesburg Stock Exchange (JSE) have opened South Africa’s first electronic government bonds trading platform.
The new platform, which went live today, seeks to enable global access and enhance transparency in the South African government bond market. Powered by MTS, the platform has already attracted nine primary dealers, with the likes of Absa Bank, Citibank, HSBC, and JPMorgan signing up as Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers, the statement says.
MTS has been operating electronic fixed income markets for three decades. However, this is the first relationship of its kind in the African sovereign bond markets for the platform. According to the statement, MTS was selected by JSE following a competitive procurement process. In South Africa, JSE will operate and manage the new market. This will be done in accordance with local regulations.
Seven years of hard work pays off
Donna Nemer
Source: LinkedIn
Commenting on the new platform, Donna Nemer, Director of Capital Markets for JSE, said: “The launch of the ETP, for government bonds will undoubtedly position South Africa’s capital market infrastructure as being amongst the most sophisticated in global Capital Markets. The benefits of a more sophisticated market infrastructure benefits issuers, investors and further positions South Africa as an attractive investment destination.
This launch of the Bond ETP it also was an important element of South Africa’s commitment to Capital Markets reforms at the G-20 group of nations. The culmination of the intensive efforts of a multitude of stakeholders including our technology provider MTS, our nine Primary Dealers, the World Bank as project consultant, the South African Reserve Bank; and Central Securities Depository Participants (CSDPs) has really paid off and this is a proud moment for our country.”
Mondli Gungubele
Source: LinkedIn
The Deputy Minister of Finance, Mr Mondli Gungubele, added that the project has been in the works for seven years: “Its launch today is a testament to what can be achieved when government and the private sector work together to achieve a common purpose.
The use of electronic trading platforms has shown notable positive effects in the secondary markets including: improved liquidity through price discovery; reduced transaction costs and greater competition; increased transparency, and; lower trading costs.”
The London Stock Exchange (LSE) announced today that its electronic bond Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, MTS, and the Johannesburg Stock Exchange (JSE) have opened South Africa’s first electronic government bonds trading platform.
The new platform, which went live today, seeks to enable global access and enhance transparency in the South African government bond market. Powered by MTS, the platform has already attracted nine primary dealers, with the likes of Absa Bank, Citibank, HSBC, and JPMorgan signing up as Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers, the statement says.
MTS has been operating electronic fixed income markets for three decades. However, this is the first relationship of its kind in the African sovereign bond markets for the platform. According to the statement, MTS was selected by JSE following a competitive procurement process. In South Africa, JSE will operate and manage the new market. This will be done in accordance with local regulations.
Seven years of hard work pays off
Donna Nemer
Source: LinkedIn
Commenting on the new platform, Donna Nemer, Director of Capital Markets for JSE, said: “The launch of the ETP, for government bonds will undoubtedly position South Africa’s capital market infrastructure as being amongst the most sophisticated in global Capital Markets. The benefits of a more sophisticated market infrastructure benefits issuers, investors and further positions South Africa as an attractive investment destination.
This launch of the Bond ETP it also was an important element of South Africa’s commitment to Capital Markets reforms at the G-20 group of nations. The culmination of the intensive efforts of a multitude of stakeholders including our technology provider MTS, our nine Primary Dealers, the World Bank as project consultant, the South African Reserve Bank; and Central Securities Depository Participants (CSDPs) has really paid off and this is a proud moment for our country.”
Mondli Gungubele
Source: LinkedIn
The Deputy Minister of Finance, Mr Mondli Gungubele, added that the project has been in the works for seven years: “Its launch today is a testament to what can be achieved when government and the private sector work together to achieve a common purpose.
The use of electronic trading platforms has shown notable positive effects in the secondary markets including: improved liquidity through price discovery; reduced transaction costs and greater competition; increased transparency, and; lower trading costs.”