The Johannesburg Stock Exchange is to switch its derivatives and fixed-income markets onto the London Stock Exchange Group’s MillenniumIT trading and surveillance platforms, as competition heats up to supply trading technology in Africa.

The South African exchange previously moved its equities markets onto the MillenniumIT technology in 2012, and deepened ties further with the LSE in 2014 through its provision of a co-location facility to allow trading firms to rent space next to exchange servers.