TUESDAY, 12.30PM
A SOUTH African developer of financial analysis software has unveiled the first local trading system to run over the Internet, offering Johannesburg Stock Exchange and SA Futures Exchange trading information in real time to subscribers anywhere in the world.
BFA-NET says it offers full information on bids, offers, trades, prices and volumes, updated continuously throughout the day, as well as an extensive historical financial database that allows users to generate over 80 different live graphs and reports on any listed company.
Although this is only one of four real-time computer trading systems covering the South African market, this is the first that does not require propriety dedicated lines. It is also available at the much higher speeds the Internet offers, using software compatible with mainstream products like Microsoft Excel.
BFA-NET managing director Jos Pols says: “Besides the speed, convenience and efficiency, there are huge cost benefits to clients who will not have invest in dedicated hardware and connectivity.”