The Johannesburg Stock Exchange (JSE) has selected Cinnober as its partner for the development of a new multi-asset clearing technology platform.

The JSE currently uses different clearing technologies for different asset classes, but this will be phased out in the shift to the new platform, based on Cinnober’s TRADExpress RealTime system.

Cinnober said that its technology had the speed and capacity for handling very large transaction volumes, offering sophisticated functionality for clearing all exchange-traded asset classes.

“Modern clearing requirements and the evolving regulatory landscape result in significant technology demands for exchanges worldwide,” explained JSE’s CIO, Riaan van Wamelen. “The project we are embarking on seeks to process all asset classes from all markets on a single integrated solution and will enable our strategy for growth. We are excited to partner with Cinnober in order to prepare for the future.”

Cinnober’s CEO, Veronica Augustsson, added: “This is a major milestone for Cinnober and we’re very proud that the largest African marketplace has signed up for our integrated clearing platform for their complete suite of six asset classes. JSE is an important national exchange with significant influence in the region, and places high demands on modern technology with high quality and true real-time capacity.”

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