Nasdaq Deploys Clearing Platform for Johannesburg Stock Exchange

The Johannesburg Stock Exchange has implemented Nasdaq’s clearing technology platform for its equity and currency derivatives market. The JSE said that the launch is part of a multi-year project focused on migrating all of its markets to Nasdaq’s clearing platform for more efficient collateral management, intra-day risk monitoring and increased margin transparency. Equity and currency derivatives markets at JSE are the first to be migrated to the platform as part of the project, known as ITaC, which is being delivered in phases. Nasdaq’s market technology is used by more than 250 market participants, including broker-dealers, exchange operators, clearinghouses, central securities depositories and regulators in over 50 countries.