Jse Limited · JSE:JSE
Jse — TALX Member Forum (July 2008)
22 slides from Jse's conference presentation, Jul 1, 2008
Slide 1: TALX Member Forum
TALX Member Forum Operations & Services Division 1 July 2008 Leanne Parsons Chief Operating Officer JSE – Africa’s premier exchange Copyright© JSE Limited 2005 www.jse.co.za
Slide 2: Agenda
AGENDA 1. Change in Executive Responsibility 2. TALX TRM II Software Release 3. TALX Recovery 4. TALX Product Development 5. TALX Customer Focus 6. TALX Strategy 7. TALX Member Stats 8. JSE TradElect Release 3 Update 9. JSE Equity Market Rankings 10. GEM (Growth for Equity Market) 11. Other JSE Init
Slide 3: Equities Market Update: Change in Executive Responsibility
Equities Market Update Change in Executive Responsibility Leanne Parsons (COO) responsible for Equities Market overall − Also includes JSE TALX offering Allan Thomson responsible for Equity Derivatives and Yield-X Markets overall Riaan Van Wamelen (CIO) responsible for JSE IT © 3
Slide 4: TRM II Software Release: Release Fixes
TALX TRM II Software Release Release Fixes Front-end Bug Fixes Intermittent issue on Order modification that results in a decimal point appearing in the price field (i.e. 1200.00 instead of 1200) Allow for decimals (fractions) to be captured in the order price field for reported trades as per JSE ru
Slide 5: TRM II Software Release: Release Enhancements
TALX TRM II Software Release Release Enhancements Release Enhancements Report only Basket upload window to allow for the submission of multiple trade reports Counterparty drop down list for manual Trade Reports Popup menu to enable all Windows for controlled setup Automatic saving option for Watch l
Slide 6: TRM II Software Release: Release Timeline
TALX TRM II Software Release Release Timeline © 6
Slide 7: TALX Recovery
TALX Recovery SLC Recovery Procedure for H2H Members TALX SLC Recovery User Guide circulated to all TALX H2H Members at the TALX H2H Forum on the 18th June 2008 is available on the TALX Website. www.talx.co.za SLC Recovery Procedure for H2H Members (5 Golden rules) Leave the TALX application to reco
Slide 8: Product Development: Position Keeping
TALX Product Development Product Offerings under investigation:- Position Keeping Via Selector Manager Configurable at the SLE level The JSE is looking to provide this functionality to TALX ASP clients to assist with Risk Mgmt BDA Account positions will be downloaded at EOD, these positions will the
Slide 9: Product Development: Improved SLC Recovery
TALX Product Development Product Offerings under investigation:- Improved SLC recovery for TALX Investigating SLC Relays (Primary/Secondary) One IRI connection and one SLC – data is distributed by the RELAY functionality to create multiple instances from the one master copy Reduces the number of IRI
Slide 10: Customer Focus
TALX Customer Focus Equity Market roles and responsibilities being reviewed TALX team roles and responsibilities being reviewed Team structures will be communicated once these are finalised Focused team to provide improved support to TALX customers, both ASP & H2H Discussions in progress with IT pos
Slide 11: Strategy
TALX Strategy TALX Architecture review – way forward for the H2H customers and JSE ASP solution JSE to understand customer appetite to move to a new operating system JSE to understand impact to H2H Customers and downstream integration impacts Value Add TALX functionality – ability to trade across th
Slide 12: TALX Member Stats
TALX Member Stats 30 of 52 brokers Use TALX as their Primary Solution 4 of 4 Namibian Brokers Use TALX as their Primary Solution 2 Institutions / Fund Use TALX as their Primary Data Solution Managers Currently 57% of the Equity Brokers use TALX © 12
Slide 13: JSE TradElect Release 3
JSE TradElect Release 3 This release caters for :- Sending trade information to central counterparties and settlement systems nominated by the counterparty and includes a netting facility – this functionality will not be implemented by the JSE Introduces trading capability for trading Contracts for
Slide 14: JSE TradElect Release 3: Market Impact
JSE TradElect Release 3 Impact to the JSE Market is minor and includes the renaming of one field – no conformance required 5SV AA Settlement Venues Message impacted:- "Settlement Venue Counterparty Name" field becomes a reserved field, renamed accordingly and will be populated with blanks. This mess
Slide 15: JSE TradElect Release 3: Optional Functionality
JSE TradElect Release 3 Following is a list of optional functionality being introduced with TradElect Release 3. The JSE wants to implement this functionality in the future New 5BN message indicating when reference data download has completed for all SOD BDG’s New configuration to include closing pr
Slide 16: JSE Equity Market Rankings
JSE Equity Market Rankings Trading Service Providers Rankings Publication A gazette was issued to all Trading Service Providers to submit their opinion on publishing member rankings information Their opinions were discussed at the TAC (Trading Advisory Committee) meeting in March and the Committee s
Slide 17: GEM Initiatives: Equities Billing Model Revision
GEM Initiatives Equities Billing Model Revision Billing Model Key Principles Reward Liquidity Reward increased market activity Accommodate Diverse Market Participants Improve Predictability Encourage Algorithmic Trading Encourage DMA Trading Process Consulted with Trading Service Providers Refined p
Slide 18: GEM Initiatives: Retail Investor and Connectivity Strategy
GEM Initiatives Retail Investor Strategy As part of the research for the Retail Investor Strategy, a survey is being conducted A pilot survey was conducted with JSE employees A gazette was issued to all Trading Service Providers to determine whether the survey could be conducted on their employees a
Slide 19: GEM Initiatives: JSE Dark Pool of Liquidity Offering
GEM Initiatives JSE Dark Pool of Liquidity Offering Traditionally, dark pools of liquidity are crossing networks that provide liquidity that is not displayed on order books The international trend has demonstrated a market requirement to move large numbers of shares without revealing themselves to t
Slide 20: Other JSE Initiatives
Other JSE Initiatives T+3 Settlement Africa Board TradElect Release 4 New Trade Types − GU: Give Up Trade − BB: Book Build JSE Router Upgrade SENS stories in XML format Equity Market bandwidth requirements review Connectivity Strategy offering alternative options for connecting to JSE services Inves
Slide 21: Thank You
THANK YOU A huge thank you to all our TALX members for their continued support over the past 6 Years. © 21
Slide 22: Questions?
NCS JSE QUESTIONS? 7/ ANN