Risk Johannesburg: JSE ‘monopoly’ hurts liquidity, says Investec exec

Ripples in water

Financial supervisors in South Africa need to bite the bullet and free the market from the "monopoly" of the Johannesburg Stock Exchange (JSE) in order to encourage liquidity. That's according to Tim Gebbie, an algorithmic trader and developer at Investec, who spoke at yesterday's Risk Johannesburg conference.

"Imagine a world where, in South Africa, you could trade externally from the exchange and then report to the exchange," said Gebbie. "Imagine two pension funds swapping offsetting position

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