JSE Welcomes New Agricultural Derivates Trading System

October 20, 2008 at 12:00 AM EDT

JOHANNESBURG, MONDAY 20 OCTOBER 2008.  -  Today, the JSE’s Agricultural Products Market (APD) welcomed a new derivatives trading platform. This new technology would allow for greater functionality and increased automation, especially as regards the delivery process for deliveries in completion of a futures contract.

“We are very pleased with the new platform and the possibilities for new product development that it brings,” comments Rod Gravelet-Blondin, Senior General Manager: Agricultural Products at the JSE.
“The automated physical delivery process facilitated by the new system allows for brokers to enter the deliveries on the front end that will increase efficiency in the delivery process for both the exchange and the market participants,” says Gravelet-Blondin.

As with the equity derivatives trading system, local company STT were the systems developers. “We have taken all the necessary testing steps to ensure the system runs smoothly from day one – both internally and with members and clients,” says Gravelet-Blondin “We’d like to thank JSE staff, APD members and Clearing members for giving up a number of Saturdays to ensure that this launch was possible on the scheduled date.”

This technological development is in-line with a total technology review at the JSE and follows in the footsteps of the new equity derivatives system that was upgraded this past August.  “A world-class exchange must constantly review its technology,” concludes Gravelet-Blondin. 


Victoria Williams              
Corporate Communications Consultants (Pty) Ltd           
Tel: (011) 783 8926                                                      
Fax: (011) 783 7608                                           
Email: victoria@corpcom.co.za

On behalf of
Rod Gravelet-Blondin
Senior General Manager: Agricultural Products at the JSE
Tel (011) 520 7000

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