South African exchange unveils high-speed service

The Johannesburg Stock Exchange said it has responded to demand from UK firms for a co-location centre

The Johannesburg Stock Exchange has confirmed plans to attract more high-speed traders to its markets through a service called co-location, a move first reported by Financial News last month.

The South African exchange, which runs on the London Stock Exchange Group's MillenniumIT technology, said in a statement today that it hoped to complete the construction of the new co-location facility in the first half of 2014.

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